20 February 2012 0 Comments

Divorce and business assets division

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As though going through a divorce is not stressful enough, what happens when you own a business with your spouse and the business assets need to be divided among you? 

When a business is part of the divorce process, it is necessary to determine which assets are considered community property.  This can become a complex matter.  What once belonged to both of you now has to become his and hers.  What happens to something you both worked so hard to achieve?  The value of the business, both today and for future profit, must be considered.

If you are going through a divorce and you and your spouse own a business together, there are options to consider.  The division of business assets can be amicable, but there must be cooperation and the willingness to be fair with each other.

Contact an experienced Riverside Divorce attorney who will advise you of your legal rights and protect your business interests.  The better you can work with your soon-to-be ex-spouse, the more you both can retain.

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