Denver Business Division Attorneys
Regardless of whether one or both spouses own a business, all or part of that business may be subject to division in a divorce. Since the value of a business can be under or overestimated for self-interested reasons, it’s crucial to a fair divorce settlement that the worth of a family-owned business be accurately determined.
At the law office of Elkus & Sisson, our lawyers consult accountants and experienced business evaluators in order to determine the assets and debts of a company. In some instances, a business’ value is overestimated in an attempt to demand more money in child support, spousal support, or in the division of marital assets. In other cases, the value of a business is underestimated in order to avoid paying more in a divorce settlement. Our office has the experience and resources needed to determine the true value of a company and obtain a fair property settlement.
Don’t be taken advantage of. If you are going to divorce and either you or your spouse owns a business, we can defend and assert your rights in regard to its valuation and the division of marital property in your divorce. To schedule an appointment and discuss your case, contact the business division lawyers at Elkus & Sisson today.
Kinds of Businesses Subject to Division in the Event of Divorce
The business division attorneys at Elkus & Sisson work with business evaluators and accountants in determining the value of the following kinds of businesses:
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Bylaws and Operating Agreements – Understanding Their Application
Since bylaws are typically drafted and approved under the charter of a company’s Articles of Incorporation, they are often important when disputes arise regarding who has the authority to make decisions for a company. Additionally, in the case of limited liability companies (LLCs), operating agreements typically include buy-out provisions, capital contributions by members, and terms related to the dissolution of the company. Understanding how to apply bylaws and operating agreements is essential in making sure your company isn’t saddled with an undue financial burden that depletes your business of much-needed capital.
At Elkus & Sisson, our attorneys pay particular attention in determining what the legal and financial implications of bylaws and operating agreements are for a company. We accurately determine a business’ value, any assets subject to division, and address legal issues associated with intellectual property rights and proprietary information.
Contact the Family Law Attorneys at Elkus & Sisson Today
The accurate valuation of a business is important for the division of marital property and the financial obligations contained in a divorce settlement. Our office is prepared to help determine the value of a company and defend our client’s interests during the division of marital assets.
To schedule an appointment and learn how we can help you, contact divorce attorneys Elkus & Sisson today.
