Have multiple people warned you to keep your professional and personal lives separate? We imagine they have. This practice can work in theory, but you probably know by now that separation of your professional and personal lives can be nearly impossible when you’re a business owner going through a divorce. If you have equity in a business and are facing the end of your marriage, you need a skilled attorney by your side to properly protect your assets. When it comes to representing clients with family law issues, we have decades of experience at Gilmer Law Firm, PLLC.

In this article, we explain the basics of what can happen to a spouse’s limited liability company (LLC) in a divorce.
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When you think of the word “divorce,” you probably think of the phrase “emotionally taxing.” You probably also think of the phrase “financially taxing.” You’re right to have those thoughts on both fronts. Divorces can take emotional and financial tolls that involved parties often dread and want to avoid. You can’t bury your head in the sand to protect yourself from the pain of a divorce, but you can take steps to protect your financial interests.
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 Hello. I am a Brooklyn, New York City Divorce attorney. I have handled multiple cases that involved the valuation of a business in a divorce. This article will explain the procedure of valuing a business and the common issues that arise.

In a divorce where a business is involved if the two parties can’t agree to the value of the business an expert will need to be hired (usually a CPA with extensive experience in valuing businesses).
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Your rights and entitlements in an Uncontested Divorce

A divorce can be resolved in two ways, via an uncontested or contested divorce. An uncontested divorce occurs when both spouses agree upon the terms of the divorce. This means that all issues involving maintenance, property, asset division and if there are children, custody and visitation, are resolved.