Family Business

Dividing Your Family Business in a Divorce

Dividing a family business in a divorce tends to be much more difficult than splitting the family vehicles and property, which is why many people need to consult an experienced divorce lawyer like Mr. James J. Kenny. As stated on our Family Law Office blog;

“One of the most important assets to consider when going through divorce, is the family business. The divorcing spouses need to figure out whether they will split, sell or divide the family business and this can be tricky, but here at The Family Law Office of James J. Kenny, we not only have YEARS of experience handling high profile divorces with very complicated family businesses, we work with some of the best forensic accountants”.

You can read more about the three ways you can split your family business on our blog. 

Mr. James J. Kenny is also a “business valuation specialist” that has been practicing and specializing in divorce law since 1977.

What is a business valuation specialist? According to corporatefinanceinstitute.com; 

“Business valuation refers to the process of determining the actual value of a business. Business owners work with a business valuation specialist to help them obtain an objective estimate of their company’s value. They require the services of business valuation specialists to determine a business’s fair value, particularly for the sale of a business, partnership ownership, estate and succession planning, and divorce proceedings”.

When dealing with a shared business, it is important to know there are certain records you should acquire as soon as possible.  There are also certain steps you should take now to give you the greatest chance for success in getting your fair share of the business. Mr. Kenny will walk you through the process to insure you have the best chance of getting what is rightfully yours when concerning a business that may have been shared between you and your spouse.

Call today to schedule a consultation with James J. Kenny
(909) 476-2661