Divorcing Your Spouse Who Is Also Your Business Partner?

While many people who divorce don’t have to make a big decision together again outside of any children that they share custody over, two business partners who get a divorce could end up with joint decisions for many years to come.

If you are a business partner with your soon-to-be ex-spouse and plan to continue that aspect of your relationship, sit down with an experienced high net worth divorce attorney. At V. Freitas Law, PLLC, we can talk with you about the business partnership and what is in your best financial interests moving forward.

We Can Protect Your Career And Business Interests In Divorce

Not all divorces are the same, and your divorce attorney should be able to recognize the unique needs that each client presents in their divorce. Your career while getting divorced can impact several different factors in the divorce, and you deserve an attorney who can account for those factors.

Here at V. Freitas Law, PLLC, our attorneys have more than five decades of combined experience in helping clients through the most complicated divorces. We understand the challenges that high-asset careers and businesses can bring into a divorce, and we know how to protect your best interests through it all. We can explain the ins and outs of the law and any options to stay together as business partners or include the business as part of your breakup.

An Effective Strategy Tailored To Your Situation

Your divorce attorney should never have a single playbook for every divorce client who comes to them. When you choose us to represent you in your divorce, we take the time to look at your unique needs and identify what it will take to best protect you throughout the divorce process.

We understand that business owners, professionals and executives often have more sizeable retirement accounts, income and assets, which means that we need to develop a personalized strategy that accommodates those unique factors.

Whether we are looking to resolve your high net worth divorce through negotiation or litigation, our lead attorney’s extensive trial experience as a former public defender gives our team a unique perspective on how to successfully represent our clients while also striving to achieve their goals in their divorce.

We Make It Our Business To Help You

We will take the time to understand your situation fully, doing a deep dive into areas such as:

  • Business – First, how is the business doing overall? If things are going well from a financial standpoint, do you see a possibility of being able to work together for the sake of the business? Although you obviously have had some differences in your personal lives that led one or both of you to seek a divorce, can those differing opinions be put aside to keep the business afloat?
  • Responsibilities – Are you both sharing equal responsibilities when it comes to running the business? If not, would that change moving forward if you both decide to keep the business going? As an example, one person spends most or all of their time in the day-to-day affairs of running the office while the other individual is more behind the scenes. If this is the case, perhaps things could continue running with little or no drama.
  • Future – Last, while it can be hard to predict financial trends down the road, if your business outlook is positive, why would you want to sell or even close the business for good? As long as the two of you can agree on daily operations and how the money will be allocated toward the business, it may behoove both of you to keep it running for the foreseeable future.

No two cases are alike, and we will work with you to develop the right approach for your situation.

Ensuring Accurate Property Division Of Business Interests In Divorce

During a divorce, one of the most contentious areas can be property division. Splitting assets like homes, cars and other shared valuables can become a major complication. When major assets like professional practices or businesses come into play, things can get more complicated.

Here at V. Freitas Law, PLLC, we know how hard things can be when trying to resolve a complicated divorce with as little conflict and time as possible. Our attorneys have more than 50 years of combined experience handling all aspects of high-asset property divisions, including business interests. In the decades we have served our clients, we have learned how to create custom-tailored strategies that can best reflect your needs. We will work hard to ensure that your business interests are fairly and accurately valued, leveraging trusted experts such as appraisers to present compelling evidence for your position.

How To Protect Your Business Assets In Divorce

As a business owner facing divorce, your company may become a part of the property division negotiations. Still, it is possible to protect what you worked so hard to build – getting an accurate appraisal of your business grants you the opportunity to negotiate over the property fairly. Without a fair appraisal, you risk giving up more than you should just to keep your fair share of things.

Once we know what your business or practice is worth, we prepare to protect it. Just because your company is part of negotiations or litigation, it does not mean that you automatically lose half of it. Our goal is to help our clients secure the outcome that reflects their long-term goals.

Do Not Settle For Less In Your Business Property Division

No matter where you are in your divorce, you should always have an experienced attorney at your side to help you. The outcome of your divorce and any agreements from it can greatly shape the way you live for many years to come. Make sure you are doing everything in your power to brighten that future by getting an attorney you can trust to help you through your divorce.

We have the skills and compassion necessary to make sure that we are looking after you and your future. Schedule your initial consultation with one of our committed and compassionate attorneys by calling us at 206-536-2875 or sending us an email today.