San Jose Lawyer Handling Business Assets Division
In a divorce involving significant business assets, property division can be complex and difficult. The community portion of the business must be identified, and a fair value must be placed on the enterprise. Additional complications can arise when the business has additional owners or partners outside the marriage whose "sweat equity" has contributed to building the business or when the business was owned before marriage.
At my practice, the Law Offices of Hugh Thomson, I have handled hundreds of complex property division cases involving business assets in California and other states. I understand how to analyze the underlying legal and financial issues the case presents and how to deal with them on a systematic basis. With the help of financial analysts, tax experts, economists and other professionals, I then develop a strategy designed to achieve my client's goals while working closely with my client.
Call my office at 408-298-4000 or contact us online to arrange for a consultation.
Division of Business Property
In most situations involving the division of business property, one of the prime objectives is usually to maintain the business as a performing enterprise. Various means can be used to allow this; for example, it may be possible to buy out a spouse’s share, restructure the ownership agreements or renegotiate management contracts. In these cases, I will work hard to develop a solution that provides for the division of property while allowing the business to operate and prosper.
Another important consideration is making sure the way the business is managed doesn't change. During the divorce process, the business should not be starved of capital, nor should assets be sold for anything other than strictly commercial reasons. It is important to remember that you can continue to make proper acquisitions and investments to further your business’ growth. Made improperly however, these actions can negatively affect your rights and your position in the divorce action. I offer practical advice that will keep you compliant with California’s strict disclosure requirements.
I can advise you in these and other matters affecting the operation of a closely held corporation or other business during the divorce process.
Experience Makes a Difference
Although I have more than 30 years of experience as a sole practitioner, I regularly call upon a number of financial experts, business valuation specialists, accountants and other professionals who can clarify certain issues and advance the business valuation and division process. Rest assured that I will apply my expertise and that of other knowledgeable analysts to the achievement of your goals.
For a consultation with attorney Hugh Thomson, call my office at 408-298-4000 or contact us online. Located in San Jose, my firm serves clients throughout Silicon Valley and other parts of Northern California.
