Resolving Divorce Issues Involving Business Ownership

The property division phase of a divorce is challenging for most couples, and perhaps no more so than when business assets are involved. Questions about the ownership of the company, how much it is worth and how much it appreciated during the marriage must all be answered. Whether you are the business owner or the spouse of the owner, make sure you retain an attorney who understands the unique issues you will face in your divorce.

Louisville attorney Todd K. Bolus offers powerful representation, based on 25 years of experience, to business owners and spouses who are getting divorced. Todd is a skilled negotiator who will make every attempt to resolve the matter amicably. He is also a proven trial lawyer who will not hesitate to go to court to protect your interests.

Give the Law Office of Todd K. Bolus, PLLC, a call about business owner divorce and related property division issues.

Accounting For Business Assets And Liabilities

For Kentucky business owners, the proper valuation of assets is crucial. Accurate determinations of value are necessary in order to ensure a property settlement that both parties can live with — and one that allows the company to continue to operate.

Mr. Bolus works with business valuation experts, accountants and other professionals whenever needed. This allows for a complete accounting of all a business's property, including:

  • Commercial real estate
  • Inventory
  • Trade secrets and intellectual property
  • Business goodwill
  • Appreciation
  • Business loans and debts

In most cases, both spouses want to keep the business up and running, if only since it offers maximum financial benefits to both of them. One party usually buys out the other. But there are situations where a buyout cannot be negotiated and the company must be divided (either the profits are divided or the company itself is split into two separate entities). Whatever scenario you face, make sure you have an experienced Louisville lawyer like Todd Bolus on your side.

Talk With An Experienced Lawyer

To learn more about how to protect a business in divorce, call the Law Office of Todd K. Bolus, PLLC, at 502-438-9526 or 800-821-4049. Or, if you prefer, send an e-mail to Todd's Louisville office.

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