Rochester Attorneys Protecting your business in Divorce
Your Business is Our Top Priority
Are you a party in a divorce that involves a business, whether a family business, closely held, or other? Do you and your spouse need to resolve the matter of the business you have built, invested in, or contributed to during the marriage? This can be a complex issue that requires the knowledge of a qualified business litigationattorney who also practices matrimonial lawas it relates to businesses.
At The Glennon Law Firm, P.C., we have an abundance of experience with all types of business-related legal disputes, including those involving married business partners. You can count on us for professionalism, attention to detail, and diligence in seeking a favorable outcome for your unique situation.
Addressing Your Business during Divorce
Preserving your business interests is one of the most important issues you may face during your divorce. This is true whether only one spouse owns the business or whether a spouse has contributed to the success of the business through other means, such as contributing to their spouse’s education or career training. Often, the business is the most valuable asset in the marriage.
New York is an equitable distribution state. This means that marital assets must be divided fairly between the parties. The structure of the business will play a role in how to business assets will be divided.
To resolve this often-complicated matter, you may have to:
- Value the business
- Consider each spouses' contributions to the business
- Consider possible professional licensing issues
No matter how complex your divorce may seem, our firm has an in-depth business insight and legal experience to put to use in your case. We will work to ensure that your best interests are protected as you proceed through the divorce process.
Business & Professional Practice Valuation in New York Divorce Cases
Divorce is difficult enough without the added burden of losing your business or its value. Just because your marriage is ending does not mean that the business or professional practice that you spent time and effort building needs to be destroyed or hampered. If you own the business or practice, The Glennon Law Firm, P.C. can help you preserve it. On the other hand, if you helped your spouse build it or if you cared for the family throughout the years while it was being built, we can help you get your fair share of its value.
To speak with a Rochester business dissolution lawyer, contact us at (585) 294-0303.