Business Valuation and Division Attorney Monmouth County, NJ
Helping Clients across Ocean and Monmouth County to Value and Divide Businesses in a Fair and Accurate Manner
The Bronzino Law Firm has extensive experience assisting clients with every aspect of the divorce process, including the equitable distribution of assets. Fairly dividing retirement accounts, the marital home and other properties, jointly incurred debt, and other assets can be difficult enough — but when a family business or a business ownership of some kind is at stake, the equitable distribution process becomes especially complex.
A married couple often makes many sacrifices for the family business, and it can be difficult to determine the value of each party’s contribution to the business, and the best way to divide that business in an equitable manner. When business records do not tell the whole story, we are prepared to investigate tax statements and individual accounts to develop a clear, complete picture of what assets are tied up in the business and how they may be divided.
Our business valuation process involves working closely with out clients to determine which assets are most important to you and what kind of resolution you are hoping to attain, then consulting with financial experts in order to gain the best possible understanding of the value for your business, and ultimately securing fair business division resolutions which account for your unique needs and situation.
Call us today through our Sea Girt office or our Brick office at (732) 812-3102 to discuss your unique needs and concerns when it comes to the division of a business interest during divorce in a free and confidential consultation with our legal team.
Wall, NJ Business Division Attorney Protects Your Interests
Whether you have put years of hard work into building your own business, or supported your spouse while he or she developed a business entity, you are entitled to a fair distribution of business assets in divorce. When it comes to valuing the family business, do not let your former spouse, or his or her lawyer, tell you the value of your business. Trust this vital asset to a knowledgeable family law attorney with experience in high-asset divorce and business valuation.
Attorney Peter J. Bronzino has worked closely with clients across Ocean and Monmouth County communities to fairly and accurately value and divide many complex assets including a family-owned company. His attention to detail and willingness to communicate honestly and regularly with clients allows him to gain the best possible understanding of each unique case, and protect his client’s interests by securing them a fair settlement which includes the portions of the family business most important to them.
Whether you are hoping to keep the business intact and capable of future growth, divide it in such a manner that allows the different portions to succeed individually, or hoping to simply to obtain your fair and equitable portion of the total value of the business itself, we have the unique strategies and understanding of business valuation and division law necessary to securing you the settlement you need and deserve.
Is the Family Business Marital Property?
When it comes to determining whether or not a businesses will need to be divided during divorce, the first factor to consider is that of an existing marital agreement such as a prenuptial agreement or postnuptial agreement. Many times, these marital agreements will have already defined whether or not a business or business interest is to be considered marital property or separate property in the event of a divorce. Barring some extreme circumstance, the terms of any such marital agreement will most likely supersede NJ equitable distribution laws.
Without a marital agreement however, the next factor that needs to be examined is when exactly the family business or private business holding was started. If the business was started during the marriage, the entire business will most likely be considered marital property, and as such fall under New Jersey equitable distribution laws. If the business was started prior to the marriage, some portion of that business may be considered separate property, and not divisible, however the entirety of that business will most likely NOT be exempt from equitable distribution.
Valuing a Business During Ocean County Divorce
Once it has been determined whether or not, and to what extent, a business should be divided equitably during divorce, the next step will be to accurately value that business. Determining the exact value of any business, and the portion of equity that each party of the divorce has in said business, requires extensive financial investigation into the state of the business, its holdings, tax considerations, and individual contributions to the business by each individual.
Many times your attorney will wish to hire an independent financial consultant in order to assess these many variables, and you may need to negotiate with your spouse the final determined value of the business, both now and in the future.
Once the value of the business has been assessed, only then can you work to divide the portions of that business that have been determined to fall under equitable distribution laws. However, this can involve a variety of negotiations which protect specific parts of the business, or even ownership of the business in its entirety in exchange for concessions in other parts of your Divorce Settlement Agreement.
These negotiations, and the valuation of a business during divorce, are just two of the many reasons why it is highly recommended to work with an experienced Monmouth County divorce attorney during any divorce.
Contact An Asbury Park Business Division Lawyer Today
At the Bronzino Law Firm, we have extensive experience helping clients to value and divide business properties and business interests during divorce in towns across Ocean and Monmouth County, including Wall, Jackson, Sea Girt, Asbury Park, Toms River, Point Pleasant, Manasquan, Sea Girt, Neptune, Brick, Spring Lake, and the surrounding communities.
Our smaller size allows us to develop personal and attentive relationships with our clients, while at the same time allowing us to charge fair and reasonable rates. Combined with our extensive experience in all aspects of divorce law including division of assets and business valuation, we are uniquely suited to helping you with any divorce issue you may have.
To speak with Peter Bronzino and our legal team today in a free and confidential consultation regarding your divorce, the division of a business during your divorce, and how exactly we can help you to protect your unique needs, interests, and concerns, please contact us online, or through either our Sea Girt office or our Brick, NJ office at (732) 812-3102.