Dividing A Business Or Professional Practice

If you own a business or professional practice in Florida, your spouse can claim an interest in your enterprise, even if you owned it before you were married. Similarly, if your spouse owns a business, you may have an interest in it by contributing your time and marital assets, even if your spouse owned the business prior to your marriage.

I am divorce lawyer Mikaela Nix. If you or your spouse owns a business or professional practice, I am here to protect your interests in high-asset divorce in Orlando or central Florida. Call me at 407-674-0849 to discuss your situation and how I can help you plan accordingly.

Protecting Your Business Or Professional Practice

There are steps you can take to protect your interests in a business. A key one is gathering financial information early in the process — if possible, before you or your spouse files for divorce. Key information and agreements can go missing if not collected and preserved for the court record.

Finally, it's important to have an attorney negotiate on your behalf. It's easy for emotions to take over when discussing division of significant assets with a spouse, especially if you are already on bad terms. In a worst-case scenario, you could be forced to sell your business to pay off your spouse's interest in it, which may not benefit either side.

Finally, not all businesses have value that is subject to marital property division. For example, if you own a service business that has no value other than what you bring to it, it may not be subject to division.

Call Now To Protect Your Business Or Professional Practice

Because you have property interests you need to protect, call 407-674-0849 or reach out to me online. I offer evening and weekend appointments. Spanish and Portuguese language services are available.