Montgomery County Business Valuation in Divorce Lawyers
When a divorce involves a closely held business or a family business, there are certain issues that must be carefully considered. You may be focused on making sure the business survives the divorce, without losing important business contacts, or you may want to completely remove yourself from the business by dissolving and splitting the assets equitably.
At Shemtob Draganosky Taylor Stein, PC, our attorneys have extensive experience handling complex divorces in Pennsylvania. We are available to assist clients with obtaining proper business valuations and related marital property issues.
Contact us to schedule an initial consultation.
Value Your Business & Your Business Interests
A proper business valuation entails much more than just obtaining the fair market value of a business. A variety of other complex legal issues must also be fully addressed.
We work with experts who are able to identify these complex issues and find answers to the following questions:
- Was the business brought into the marriage by one spouse?
- What roles did each spouse play in the business?
- How are business interests documented?
- Did one spouse play a more active role in the business?
- Are there other business partners or professionals with a partial interest in the business?
- Was the business handed down as inheritance to one spouse?
- Is the business marital property and therefore subject to property division?
In accordance with Pennsylvania’s equitable distribution laws, only assets that are classified as marital property are subject to division. If the business is deemed to be the separate property of one spouse, a business valuation may not be necessary. Our lawyers can assist you with these difficult issues.
For assistance with a divorce involving significant assets or business interests, contact the attorneys at Shemtob Draganosky Taylor Stein, PC.
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Former Clients Say It Best
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"Highly experienced, client-focused and efficient service"
I appreciated David Draganosky’s informed guidance and willingness to move forward diligently, which set the stage for a favorable resolution. Your firm’s reputation for highly experienced, client-focused and efficient service is well-deserved.
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I was wary about my rights as a father with my children and concerned about having enough time with them during the week and for holidays and breaks from school. Your help in hammering out a very detailed and fair custody agreement was appreciated more tha- Former Client
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Lori Shemtob and her associates were the perfect choice. Lori has the perfect demeanor to defuse any volatile situation.- Former Client
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Cynthia’s practical knowledge of negotiation and the law helped me in a tense situation where my ex-husband did not want me to take the kids with me and then refused to pay any support.- Former Client
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How long has same-sex marriage been legal in Pennsylvania?
Pennsylvania has recognized same-sex marriages since May 2014 when a U.S. federal district court judge ruled that Pennsylvania’s 1996 statutory ban on the recognition of same-sex marriage was unconstitutional. Before then, Pennsylvania prohibited same-sex marriage and refused to recognize same-sex marriages performed in other states. In June 2015 the U.S. Supreme Court ruled in Obergefell v. Hodges that all states must issue marriage licenses to same-sex couples and recognize same-sex marriages validly performed in other jurisdictions. This significant decision legalized same-sex marriage throughout the United States.
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What Should I Do Before Contacting Your Firm?It can help to gather key documents, such as basic financial records and any existing custody paperwork, and to think about your main concerns and goals. You do not need everything perfectly organized. Our role is to help you sort through information and identify next steps during the consultation.
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Are Same-Sex Divorces Treated Differently Under Pennsylvania Law?
Pennsylvania law applies the same divorce and custody standards to same-sex and different-sex spouses. That said, the history of your relationship and parentage can raise unique questions. We pay close attention to those details and advocate for fair treatment of your family within the existing legal framework.
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