When It’s Over,
It’s time to move on
When It’s Over,
It’s Time To Move On
Small Businesses And Their Impact On Divorce
When an individual starts a small business, it often becomes their most prized asset. It’s hard for it not to be: a small business pairs monetary value with emotional value. This can make divorcing with a small business especially difficult.
At Kempen&Company, we have years of experience helping small-business owners divorce. We work efficiently, maintaining focus on our clients’ financial and emotional well-being and helping them move on. When appropriate, we collaborate with the other side to get the best possible results. Whether you or your spouse is the one who started the business, we can offer guidance and care to you.
What To Know About Small-Business Owner Divorce
Small businesses can vary in their impact on a divorce. It depends on many factors, including:
- Whether or not a prenuptial agreement was signed
- Whether both spouses worked at or managed the business
- The entity structure of the business
- When the business was established
- The valuation of the business
Even seemingly small things like whether or not you or your spouse took a salary from the business can impact financial considerations during the divorce. It’s important to speak with an experienced family law attorney to get advice specific to your situation.
We Offer Personalized Guidance
Our lead attorney Bernie Kempen has been named a family law specialist by The State Bar of California Board of Legal Specialization. To speak with him about your specific situation, please contact our office by calling 888-its-over or filling out our contact form. We have offices throughout the Bay Area and northern California.