Advocating For Minnesota Business Owners In Divorces
Last updated on April 1, 2025
Divorce for business owners presents unique challenges, frequently intertwining personal and professional assets. At Schwartz Law Firm in Oakdale, we have a thorough understanding of the complexities you face. Since 1983, we have combined our knowledge of business and family law to guide entrepreneurs through this difficult process.
Our business owner divorce attorneys offer personalized strategies to protect your business interests while seeking an equitable resolution. We serve small business owners, entrepreneurs and minority business owners in Minnesota, providing direct access to senior lawyers who understand your unique situation.
Safeguarding Your Assets During Business Owner Divorce
Asset protection is crucial when divorcing as a business owner. We help you identify and value all business assets, including tangible property, intellectual property and goodwill. Our lawyers assist in determining which assets are marital property and which are separate. We work to protect your business interests while ensuring an equitable division of assets. Having a knowledgeable attorney is essential to navigate this complex process and avoid costly mistakes that could impact your business’s future.
How Are Business Assets Divided In A Divorce?
Business valuation is a critical step in divorce proceedings for business owners. It determines the fair market value of your company, which impacts asset division and potential buyouts.
Here are common business valuation methods:
- Asset-based approach: Calculates the value based on the company’s tangible and intangible assets.
- Market approach: Compares your business to similar companies that have recently sold.
- Income approach: Estimates value based on the company’s expected future earnings.
- Discounted cash flow method: Determines value by projecting future cash flows and discounting them to present value.
Choosing the right valuation method is crucial. We work with certified valuation experts to ensure an accurate and fair assessment of your business’s worth. This valuation forms the foundation for negotiations and settlement discussions.
Implementing Strategic Negotiation Tactics For Business Owners
If you are a business owner going through a divorce, it is not enough to have family law attorneys as your counsel. You need a team that also has in-depth, applied knowledge of business law. Our business litigation experience allows us to develop effective negotiation strategies tailored to business owners. We take the time to understand your business’s unique value and operations, providing an objective perspective that cuts through emotional entanglements. We consider factors such as business succession, partnership stakes and corporate shares to develop a comprehensive negotiation strategy that aligns with your long-term goals.
Protect Your Future With A Business Owner Divorce Attorney
At Schwartz Law Firm, we offer the legal guidance you need to protect your personal and business assets in a divorce.