When A Business Is Part Of The Divorce
Business owners, large and small, and their spouses face the same issues when getting a divorce. Part or all of the business is considered marital property. When you and your spouse are separating your lives, each of you is entitled to part of the value of that business. Whether you’re the business owner or the spouse seeking his or her fair share, a business valuation may be necessary. Our Honolulu family law lawyer will help you get what you are entitled to.
Scot Stuart Brower has been practicing law for more than 35 years in a variety of areas. Because of this experience, he knows how the Hawaii legal system works and how to use it, effectively and correctly, to further your case. He and his team at the Law Offices of Scot Stuart Brower work hard to ensure that you are treated fairly in your divorce and get what you need to move forward with your life.
Using Business Valuations In Property Division
Regardless of whether one of you owned the business prior to your marriage, any increase in value that occurs during the marriage is considered marital property. A business valuation can help determine the marital portion of a business so it can be divided equally between the two parties.
Scot Stuart Brower has experience helping business owners in many fields with the division of business assets, including:
If you are the business owner, a business valuation may show that your business gained little to no value during the marriage, which may help as you divide your property. If you are the spouse of a business owner, you want to make sure that the full value of that business is known so you are fairly compensated, either with a portion of the business or with a comparable piece of property or asset. Scot Stuart Brower will help you find the best solution for your situation.