Business Asset Division in Divorce – New York Divorce Attorney Brian D. Perskin



If you’re getting a divorce and have a business then call my office today

https://ift.tt/2b5WAdl

When entering into a divorce, one of the most difficult aspects is that of splitting up the property and assets accumulated between both parties. Dividing separate and community property can be difficult and can often be a highly emotionally charged process. What then happens should one or both parties be involved in a business? What should occur if they are actually business partners?

https://ift.tt/2H5hEQ1

Regardless of the exact circumstances, it is important that the businesses and partnerships are evaluated so that both parties will be able to part ways with just amounts – no matter whether the business is being dissolved entirely or not. For this reason, having an experienced New York divorce lawyer can be an invaluable asset as these types of situations require not only legal experience, but also accounting and tax law knowledge to ensure that the accurate distribution occurs.

In many New York divorces, one or both spouses will hold ownership of a business or will be a primary shareholder, director, managing member of partner. It, however, is important to realize that not every business is the same.

Contact a New York divorce attorney from our offices today to learn more about the services we have to offer. All inquiries get the free intro edition of my book Winning Divorce Strategies.

https://ift.tt/2tEtB7x

Transcript:

If you’re going through a divorce and your business has to be divided during your marriage, no judge is going to force you to sell it.

It’s just not going to happen. What’s going to happen is, there’s going to be a value placed upon your business, and what the judge is going to do is to figure out a way, you could either trade assets or pay out over time.

For example, if a business valued at a million dollars, and the judge determines that your spouse is entitled to 30%, we figure out a remedy for you to pay $300,000 to your ex-spouse.

Now, if there are other assets during the marriage we could trade off, if there are no other assets during the marriage, you can pay it out over 5, 10, maybe 15 years. You just need to hire an experienced lawyer that knows what they’re doing.

If you have a business that needs to be divided, pursuant to a divorce in New York City, I urge you to come into our office for a free consultation. We’ll develop a plan and a strategy that works best for you, and we’ll give you the best new start to your new life.

Please who searched for this video also searched for:

Dividing a business in a divorce
Divorce and business assets
Am I entitled to half my husband’s business
Divorce when you own a business together
Protect business from divorce
Limited company divorce settlement
Valuing a business for divorce
How to place a business in a trust

source

https://ift.tt/2H7Drqy

Comments

Post a Comment

Popular posts from this blog

Maryland Mesothelioma Attorneys

Image
source Mesothelioma advice Most cancers therapies – radiotherapy Radiotherapy uses precisely qualified x-rays to destroy cancer cells although cutting down the affect of radiation on nutritious cells… asbestosis wiki Uncommonly, the guts or reproductive organs might be affected. Cure will depend on where the cancer is observed and no matter whether it’s got distribute. symptoms When asbestos fibers are breathed in, They could get trapped during the lungs and remain there for a very long time. With time, these fibers can accumulate and bring about scarring and inflammation, which may affect respiratory and result in really serious health problems (6). What is the major asbestosis causes? Three out of each 4 instances instances of mesothelioma disease start off during the pleural mesothelium of the upper body cavity. Mesothelioma could also start off during the abdominal cavity and around the heart. meso pinterest In unusual instances, the asbestos fibers make their approach ...
Read more

What is Asbestos? What to do if exposed to asbestos? Call Belluck & Fox: (212) 681-1575

Image
source Mesothelioma The Sudden killer Disease To enclose asbestos absolutely cover, seal and stop use of the material. Only use on non-friable asbestos where removal is impossible and asbestos is vulnerable to hurt from do the job jobs. asbestosis wiki page Breast Most cancers – Early Prognosis (video) Becoming diagnosed with breast cancer is usually too much to handle. Females, their partners and people have to have support to manage with the emotional impact of the health issues on their each day life. With this video clip… facebook Asbestos exposure can also increase the chance of asbestosis (an inflammatory situation affecting the lungs that could potentially cause shortness of breath, coughing, and lasting lung hurt) as well as other nonmalignant lung and pleural Diseases, together with pleural plaques (alterations from the membranes bordering the lung), pleural thickening, and benign pleural effusions (abnormal collections of fluid between The skinny layers of tissue lini...
Read more