Safeguarding Your Professional Practice During Divorce
If you are a lawyer, doctor, dentist, accountant, engineer or some other licensed professional, you have the added pressure of worrying about how your divorce will affect your professional practice.
At The Rose Law Firm, LLC, we understand that you’ve spent years building your practice, and we are committed to protecting your business and personal interests. Our Birmingham lawyers bring their experience and dedication to each case so that the divorce does not have to mean the end of your business.
Understanding The Process
In many cases, it’s in the best interest of you and your spouse to keep the business operating after your marriage has ended. To do so, it must first be determined whether your practice is considered marital property. Typically, if the business started or grew substantially during the marriage, it can be considered a part of your marital property settlement.
We will then work with you to ensure that your practice is properly valued so that it can be divided equitably. In deciding the worth of your business, the following things may be taken into consideration:
- Office location and real estate
- Building fixtures and equipment
- Bank accounts
- Accounts receivable
- Your practice’s good will, meaning the value of the business in excess of its tangible assets
Once a fair value is determined, we will work hard to arrive at a settlement that protects your interests, and is acceptable to you and your spouse.
We Are Available 24/7
Navigating marital property issues can be challenging, both legally and emotionally. That’s why our accomplished attorneys strive to provide personalized support with the best interests of you and your business in mind. We assist professionals throughout Alabama and are available 24 hours a day to take your call. Call us at 205-208-7560 to schedule your free consultation, or contact us online.