Business Valuation Divorce Lawyers in Palm Beach County
A divorce involving the division of a family business, professional practice or other business interest can be among the most complex and difficult divorces. If you are the party to the marriage who primarily was responsible for building and managing the business, you may be afraid that you will lose control of your business or that it will have to be sold so that your spouse can obtain his or her marital share of the business. By contrast, the party that focused on other responsibilities in the marriage, such as raising children or taking care of the family home may fear that their spouse is undervaluing the business, hiding income or otherwise engaging in conduct to prevent one from recovering their share of the business.
Protecting Your Business Interests in a Divorce
Without careful planning, a family business will not survive the divorce process. A divorce has a financial impact on virtually every aspect of a family business, as well as a substantial emotional impact on any family members who help run the business. While proper business succession and estate planning can reduce the adverse impact on a business during in divorce, it is important to understand the potential effects of your divorce on existing business relationships, morale and workplace performance.
Our West Palm Beach family law attorneys at the Law Offices of James S. Cunha, P.A. understand the difficult challenges that may be involved in a divorce involving the division of a business. We are a knowledgeable team of attorneys and staff with backgrounds in business, finance and accounting, who often work closely with forensic accountants, business valuation experts and other experts to carefully determine the value of a business which is necessary to obtain a fair division of business interests during a divorce. Our law firm handles the division of all kinds of businesses during a divorce, which include the following:
- Closely held corporations
- Family run businesses
- Professional practices (medical practices, law firms, etc.)
- Stock holdings in public corporations or limited liability companies
- Division of partnerships
Many times business valuation disputes can be complex because there are multiple ways to determine the value of a business. The process of obtaining a proper business valuation in a West Palm Beach divorce is often complicated by attempts of the other spouse to divert or hide business income or undervalue business assets. Mr. Cunha and his legal team engage in extensive discovery and analysis of business records, financial records, tax returns, profit and loss statements, invoices, accounts receivable and other critical documents and data to ensure that his clients’ interests are provided the maximum protection during the divorce process.
If you own a professional practice or have been the party that has had the principle responsibility for operating the business, you may be worried about losing control of your business or having the business disrupted by the divorce process. Mr. Cunha and his legal team often effectively use various forms of alternate dispute resolution like arbitration or mediation to negotiate a division of business interests that protect his clients. Confidentiality is also a critical issue when business interests are involved in a divorce. Divorce proceedings are a matter of public record which can result in sensitive financial and business information being exposed to the public. Our law firm understands the importance of maintaining confidentiality of financial information and may use alternative dispute resolution and other strategies as a means of seeking to protect disclosure of sensitive information.
High Asset Divorce Law Firm in West Palm Beach
The experienced West Palm Beach business valuation legal team at the Law Offices of James S. Cunha, P.A. understands the unique challenges involved when representing clients with substantial business interests. We typically conduct detailed discovery and analysis of the business, retain experts to secure proper valuations and utilize effective negotiation or tenacious litigation to provide the fullest protection for our clients with a business.
We are loyal and passionate about our clients’ cases and consistently seek the best possible resolution to their family law matters, including those involving business valuations and division of business interests during a divorce. We bring a substantial level of skill, knowledge and diligence along with the ability to think outside the box so that we can be the most effective advocates for our clients. No matter where you are located, our experienced West Palm Beach business valuation lawyers at the Law Offices of James S. Cunha are just a phone call away.
The Law Offices of James S. Cunha, P.A. assist clients in all Divorce and Family Law Matters throughout West Palm Beach, Lake Worth, Palm Beach, Palm Beach Gardens, Boynton Beach, Jupiter, Delray Beach, and Boca Raton in Palm Beach County. We also offer legal representation to clients who reside in Martin, St. Lucie, Okeechobee, Hendry, Broward, and Miami-Dade counties.