When two people are married and own a business together in Florida, there are some unique issues they need to resolve if they later decide to get a divorce. The ownership interest in the business may be considered property, and if so the court will attempt to divide it as it would with any other type of property the couple owns jointly.
When this is the case, a business valuation will usually need to occur. This can be a complicated process and may require the input of appraisers, accountants and other experts. Valuation is based on a four different factors:
Going through a divorce is never easy, and trying to divide a business in this process makes it even more challenging. With that in mind, it’s important to consult an experienced divorce attorney with Combs Greene, PA in Jacksonville.
Attorney Shane Herbert also contributed to this blog post.