Pleasanton Family Law Blog

The value of a business can play a major role in many aspects of the company. Knowing the value could prove important if someone wants to buy the company or when considering other possible business ventures and the potential impacts such moves could have overall. Of course, another situation in which this information proves vital is during divorce.

Whether you own the company, co-own with a spouse or have no direct dealings with your spouse's business, its value can impact the terms of your divorce settlement. Therefore, you will certainly want to make sure that you understand the importance of obtaining a business valuation.

Your business is important to you for many reasons. You have probably invested a lot of yourself into its success. Like most California business owners, you have sacrificed personal time, energy and money into growing your company. Now that you are getting married, your dream may be to continue growing and to pass your vision to your future children. Hard as it may be to imagine at this joyous and optimistic time in your life, there is one thing that can shatter your dreams: divorce.

It is likely the last thing you want to think about, but as a business owner, you know the importance of assessing and dealing with potential risks. If your company continues successfully, a divorce court will likely consider that increase in value to be marital property, which you will divide with your spouse. Additionally, marital debt may complicate your divorce if your spouse's creditors see your business as an asset to claim. By not having a prenuptial agreement, you may place yourself and your employees in jeopardy.

Everyone hopes that the assets he or she possesses will increase in value over time. Whether it's real estate, art, collectables, a business venture or stock portfolio, everyone hopes to see a return on his or her investment. In this way, one can hope to increase one's net worth and enjoy the fruits of wise and/or fortunate acquisitions.

If you're going through a divorce, suddenly those increased values can become an incredibly important aspect of the proceedings. You may be wondering who will get to keep the assets and what role an increased value might play in determining the division of assets. Property division in California is an iceberg of which most people only see the tip. Here is a look that probes a little further below the surface.

You may have felt like your marriage has been over for quite some time, but there's one thing stopping you from making the move: you don't think you can afford to make it on your own.

If there are kids involved, the financial woes seem even worse. Not only are you worried about the financial impact ten years down the road, but what about the time between today and a finalized divorce?