Business Ownership Can Complicate Divorce
Rioles Law Offices Will Help You Sort Through Business Ownership Issues
If one or both parties in a divorce own a business, it is essential to determine a fair market value of the business in order to complete the division of marital assets. Even if only one spouse is listed as the business owner, the company may be considered marital property.
Rioles Law Offices in Providence works closely with business and real estate appraisers who help interpret and understand financial records and balance sheets to provide accurate evaluations of such complex assets. The firm represents clients throughout Rhode Island.
Many small-business entrepreneurs protect their companies by drawing up prenuptial or postnuptial agreements that separate the business from marital property in the event of a divorce. If you are a business owner, Rioles Law Offices can explain the safeguards that you can put in place to protect yourself. Call 401-680-9686.
Know Your Options With Family-Owned Businesses
If only one party wishes to continue operating the business, it may be possible to offset distribution of the business to that party with an equivalent asset (or assets), or for one party to buy the other party out.
Attorney Rioles understands the unique personal, business and financial issues that business owners and their spouses face when they divorce. The firm helps its clients navigate these issues and protect their own financial well-being.
Do Not Risk Your Financial Future On An Inexperienced Lawyer
With more than 30 years of family law experience, Ms. Rioles is able to provide clients with practical, well-reasoned legal solutions and alternatives to complicated legal and business issues. Call 401-680-9686 or use the online contact to schedule a meeting with a knowledgeable Providence business valuation attorney.