Somerset County Business Valuation Lawyer
Few things are more important to business owners than their businesses, which is why if you are a business owner who is getting divorced, you should strongly consider hiring an experienced Somerset County business valuation lawyer who can fight to protect your hard-earned assets and business every step of the way. Contact the Law Offices of Katherine K. Wagner to learn more about what we can do for you and your business.
Should I Hire a Somerset County Business Valuation Lawyer?
When it is determined that a business is considered marital property, there is a very good chance that the business will be subject to equitable distribution. This means that if you are a business owner, your spouse may be entitled to a portion of your business’ assets after your divorce. For this reason, it is always best to proceed with a knowledgeable Somerset County family law attorney on your side.
Equitable Distribution & Businesses in New Jersey
To determine whether your spouse should be entitled to a portion of your business, courts will consider various factors. Oftentimes, even if one party is the sole owner of the business and the other party does not directly contribute to the business at all, that party may still be entitled to a portion of the business.
For example, courts may consider a business marital property even if your spouse stayed home and took care of chores around the house and raised children while you ran your business. The bottom line is that courts will consider both financial and non-monetary contributions to the marriage, as well as other factors, when considering how a business will be divided in the divorce.
Why a Somerset County Business Valuation Lawyer is so Important
If your business is to go through the equitable distribution process, it is critical that you have an experienced Somerville divorce lawyer on your side who can help accurately set a value to your business. If your business is incorrectly valued, it will be incorrectly distributed. This can cause you to lose assets, and may even open up an investigation with the IRS, as courts are required to report all discrepancies brought to their attention in such cases. We are here to help ensure your divorce moves along as smoothly as possible.
Contact a Somerset County Business Valuation Lawyer
Business owners in New Jersey need an attorney they can depend on when faced with a divorce. Our firm is on your side, and we are ready to fight for your business and your best interests through every step of the legal process going forward. Contact the Law Offices of Katherine K. Wagner today to schedule your initial consultation with our firm.