San Diego Business Owner Divorce Lawyer

San Diego Business Owner Divorce Attorney

For many, owning their own business is a dream come true. Becoming a business owner takes years of hard work, dedication, and commitment. The thought of losing a business that took you years to build can be devastating. However, this can be a very real possibility for business owners who are facing divorce. If you’re in this situation, a San Diego business owner divorce lawyer can be of great help.

There are numerous laws regarding divorce in California, many of which can be difficult to understand in light of your own case. While you are not required by law to hire a divorce attorney, there are countless benefits to doing so. In addition to helping you understand relevant laws, they can also guide you throughout the entire process, including paperwork, setting and appearing for court dates, negotiating with your spouse’s lawyers, and more.

If you’re facing a divorce and your business is on the line, turn to Andy Cook Law for trusted legal support. Countless Californians have placed their confidence in our firm—see what they say about us on our reviews page. At Andy Cook Law, the difference in dedication and results is clear. Contact us today to protect your future.

Property Laws in Divorce

For divorcing couples who co-own a business, there are multiple ways they may share or not share ownership in the future. To make a legal decision concerning ownership of the business, you must have the official approval of a judge. Even if you and your spouse do not appear in court, you will still need a judge’s approval in order for any legal information to change regarding property and assets.

Within a marriage, there are two types of property: community and separate. Community property refers to what you and your spouse acquired together during the time of your marriage. Separate property refers to any property that you and your spouse owned individually before you were married. This term can also refer to any property gained individually after the separation, although an official date for separation can be difficult to determine in some cases.

Division of Property

For community property, a judge will often propose the option of dividing it equally upon your separation. However, while this may be a simple task for some types of property, it can be difficult for a business. Courts consider factors like ownership percentage, business role, and financial contributions when dividing assets.This is where a lawyer can come in. Someone with legal experience can be extremely helpful, especially in the case that you and your spouse cannot agree on how to divide your shared business.

If your business is the separate property of either you or your spouse, the property division process may be simpler, even if it does not work in your favor. Ultimately, the decision of how your property will be divided is up to a judge. However, a lawyer who is familiar with your personal case can fight for an outcome that prioritizes your needs, wants, and interests.

Given these complexities, it’s crucial to have skilled legal guidance. If you’re a business owner facing divorce in San Diego, contact Andy Cook Law for expert representation to protect your interests and your business’s future.

San Diego County Businesses

In San Diego County, there are more than 73,000 employer firms. Of these, fewer than 20,000 are owned by women. While not all of the owners relevant to this data are married, many are. It is not an uncommon scenario for one spouse to maintain ownership of the business and include their spouse simply as an employee.

While this works for many couples, it can be difficult for spouses who are employees of a business they feel a sense of ownership over. This is one reason why altering ownership of important assets when getting married can be helpful.

For legal matters regarding the family, you can easily seek help at your local family law court. In San Diego County, this is located at the following address:

Family Law Court, 1100 Union Street, San Diego, CA 92101.

FAQs

Andy Cook Law, Divorce Attorney

Andy Cook is not only an experienced attorney who has successfully handled countless divorce cases; he is also a Certified Family Law Specialist. This means he is specially equipped to handle any case related to family law. In order to achieve this specialization, he was required to have five years of relevant experience. If you’re looking for a knowledgeable attorney who knows the ins and outs of divorce and property division, look no further than Andy Cook Law.

At Andy Cook Law, your case will be taken seriously. Our team approaches each case with extensive legal knowledge and experience. We understand the intricacies of divorce cases and are ready to help you navigate your case with as much ease as possible. Contact Andy Cook Law today to learn more about our firm and how we can be of help to you.