Proven Representation For Florida Business Owners Facing Divorce
Divorce is more than just a legal proceeding. It’s a life-changing event that can be particularly challenging for business owners and professionals.
Your business may be more than just a source of income. It might be part of your identity – something you’ve worked tirelessly to establish and grow. When divorce looms, it can feel like your life’s work is on shaky ground. It’s crucial to work with an attorney who understands how to protect your business interests.
I’m Mark Sawicki, a West Palm Beach family law attorney with more than a decade of experience and a proven track record in complex divorce cases. I’m very familiar with the challenges of high-value divorce. I make it my mission to protect everything that’s important to you. Whether you own a shared business, a professional practice or a sole proprietorship, you deserve an ally who will help you find the right resolution for your situation, and I can be that ally.
I’ll Find The Right Strategies For Protecting Your Business Or Professional Practice
As a successful business owner or professional, you’ve built more than just a livelihood – you’ve created a legacy. Divorce can put all of that at risk.
I can help you implement the right strategies for navigating property division in a way that protects your business interests. Those strategies may include:
- Negotiating a favorable buyout of your soon-to-be ex’s interest in your business
- Enforcing the terms of a prenuptial or postnuptial agreement that addresses business interests
- Forming a strategic business entity
- Securing an accurate business valuation
- Placing business assets in a trust
- Keeping nonmarital business assets separate
The sooner you start planning for the prospect of divorce, the better positioned you will be to protect your business assets.
FAQ About Business Division In Divorce
If you’re a business owner or professional facing divorce, you likely have questions about how your business will be affected. Divorce can complicate your professional life and your livelihood. Below are answers to some frequently asked questions that can help you understand the process and potential outcomes.
Why does business valuation matter in a Florida divorce?
When you’re going through a divorce in Florida, understanding the value of your business or your spouse’s business is crucial. Why? Because accurate business valuations will significantly influence how assets are split between you and your spouse. If the valuation of the business isn’t precise, you might find yourself at a serious disadvantage.
As an experienced Florida divorce attorney, I understand the ins and outs of securing accurate valuations for business interests. This is an area where numbers matter and financial expertise is indispensable. I’m here to liaise with the right financial professionals to make sure that no stone is left unturned in securing a fair business valuation.
Can a prenup protect business ownership?
Absolutely. A marital agreement, whether prenuptial or postnuptial, is a powerful tool to protect your business interests. It can set clear expectations for what happens to your business in the event of a divorce. By establishing the business as separate property rather than marital property, the agreement can shield your business from property division. A well-crafted prenup should provide clarity around the management and leadership of the business, both during and after marriage. It should also address details such as any appreciation in the value of the business during marriage.
Because I have drafted and enforced numerous marital agreements, I can ensure that yours is comprehensive and leaves no room for misunderstanding.
How is a professional practice divided in divorce?
Division of a professional practice depends on numerous factors. Is the practice considered marital or separate property? When was it established – before or after the marriage? Has it appreciated in value during the marriage? Is there a valid marital agreement in place that addresses the professional practice?
As a divorce lawyer with a thorough understanding of these nuances, I can provide clarity on the many elements that impact the treatment of a professional practice in divorce.
Start Protecting Your Business And Professional Interests In The Face Of Divorce
If you’re a business owner or professional in Fort Lauderdale or West Palm Beach and are going through a divorce, I urge you to reach out. I have the knowledge and resources to handle complex divorce cases involving business and professional assets.
Get started today with a free consultation. Call Mark E. Sawicki, P.A., at 954-928-9331 or send me an email. I have convenient offices in Palm Beach Gardens as well as Fort Lauderdale.