Business Owner Divorce Lawyers in Metro-Atlanta, Alpharetta and the Surrounding Counties Sorting Out the Details of a Divorce
As a business owner, you understand that the devil is in the details. The same goes for divorce.
There are countless moving parts to consider during this already emotionally trying time, from splitting up assets to dealing with child custody arrangements. You need an experienced Alpharetta, Metro-Atlanta business owner divorce lawyer who knows how to sort through all the complexities and help you come out on the other side in the best possible position.
The attorneys at Hecht Family Law have years of experience handling divorces for business owners in Georgia. We understand the unique challenges you face and will aggressively fight to protect your interests throughout the process. Call Hecht Family Law today at (470) 291-5342 to schedule a consultation with our law firm.
What is the Divorce Process Like?
Business ownership complicates divorce in a number of ways. In some cases, the business itself may be considered an asset that needs to be divided between the two parties. This can get tricky, especially if one spouse is more involved in the day-to-day operations than the other.
You also need to think about what will happen to the business after the divorce. If you plan to keep running it, you’ll need to work out a parenting schedule that allows you to devote the time and energy necessary to make it successful. If you’re selling the business, there are a whole host of other issues to consider, from how to value the company to what will happen to your employees.
At Hecht Family Law, we can help you navigate all of these challenges and more. Our goal is to help you reach a settlement that allows you to move on with your life – and your business – in the best possible way.
What If I Am a Business Owner Getting Divorced?
Georgia is an equitable distribution state, which means that assets acquired during the marriage must be divided fairly between the spouses in a divorce. This includes business assets, even if only one spouse was involved in running the company.
The first step is to determine which assets are considered marital property and which are separate property. Marital property is any asset acquired during the marriage, regardless of whose name is on it. This can include the business itself, business accounts, and any income generated by the business during the marriage.
Separate property, on the other hand, is any asset that was owned by one spouse before the marriage or that was inherited or gifted to one spouse during the marriage. This can include business assets that were acquired before the marriage or that were gifted to one spouse by a third party.
Once you’ve determined which assets are marital and which are separate, you need to figure out how to divide them fairly between the two spouses. This isn’t always easy, especially when it comes to businesses, since they can be difficult to value. You may need to hire a professional appraiser to help you come up with an accurate assessment of the business’s worth.
Once you have value for the business, you need to decide who gets what. You can either sell the business and split the proceeds, or one spouse can buy out the other’s share.
How Can a Business Owner Divorce Lawyer Help Me?
If you’re a business owner facing divorce, you may be wondering how a business owner divorce lawyer can help you. After all, divorce is a personal matter, right?
Actually, divorce is a legal matter, and that means it can have serious implications for your business. That’s why it’s important to have an experienced business owner divorce lawyer on your side who understands the ins and outs of family law and business law.
Here are just a few ways a business owner divorce lawyer can help you:
If you have children, one of the biggest concerns in a divorce is often who will get custody. If you’re a business owner, there’s an additional concern: how will your business be affected if you don’t have primary custody?
A good business owner divorce lawyer can help you protect your business interests in a child custody battle. For example, your lawyer can make sure that any parenting time agreement includes provisions for how your business will be managed while you’re away from your children.
In a divorce, all of the assets and debts of the marriage are supposed to be divided fairly between the spouses. But what exactly is “fair”?
If you’re a business owner, it’s important to have a lawyer who can help you get a fair share of the marital assets. Your lawyer can work with forensic accountants and other experts to value your business and make sure that it is properly included in the asset division.
If you own a family business, you may be worried about how it will be affected by your divorce. A good business owner divorce lawyer can help you divide the family business fairly between you and your spouse.
Is Hiring a Business Owner Divorce Lawyer Right for Me?
If you’re considering a divorce, you may be wondering whether or not you need to hire a business owner divorce lawyer. After all, the process can be complicated and confusing, and you may not be sure where to start. You can start by calling our law firm today and getting the representation you deserve. If you need help with family law, contact Hecht Family Law today at (470) 291-5342 to schedule a consultation with our law firm.