Protecting Professionals During The Divorce Process

Protecting Professionals During the Divorce Process

If one or even both parties in a high net worth divorce own a business or professional practice, the couple will face a host of complicated issues. This is likely already an emotionally complex time for you, therefore, it can be essential that you retain an experienced Cincinnati family lawyer who can support your needs while guiding you through this difficult process. At King, Koligian & Associates, LLC, our Ohio attorneys understand the complex issues associated with negotiating a divorce when a professional practice is involved. We can call on accomplished financial advisors and work together to navigate the valuation process.

Call us at 513-924-4014 to arrange a consultation!

Types of Practices We can Help Protect

  • We represent clients including those with ownership interest in the following professions:
  • Physician offices
  • Dental offices
  • Veterinary clinics
  • CPAs or accounting firms
  • Law firms
  • Architectural firms
  • Engineering firms

How Your Practice can Be Harmed in a Divorce

In many cases, you or your spouse may have practiced in a variety of different business entities over the course of a career. Partnerships may be formed or dissolved, or a practice may be reorganized in order to take advantage of limited liability protections. Every action that is taken increases the complexity of these cases, and we are prepared to help you approach your situation with confidence, knowing that you are making choices that will support a brighter future for you and your business.

While a professional degree cannot be divided, if the spouse contributed to the cost of education or the building of the practice, the valuation of that contribution can mean more than the valuation of the practice itself. We will carefully examine the value of the education and the contributions of the other party in an effort to accurately determine worth.

Business Valuation of a Practice

Contact Our Established Cincinnati Complex Divorce Lawyers at 513-924-4014!

The date on which a professional practice is valued can be extremely important to both the business interests of the professional and the marital property interests of the spouse. Our legal team at King, Koligian & Associates, LLC can help you determine when is the best time to value your business in an effort to obtain the best outcome possible.

Learn more about how we can help you through your divorce by contacting us at 513-924-4014.