Business valuation is one of the most complex legal aspects of divorce. One reason for this is that the income from the business is usually one of the income sources for the family, as well as an asset that may be subject to division
Upland,CA (PRWEB) September 25, 2012
The Law Offices of Torrence L. Howell offer consultation to California residents that need help resolving business division and valuation issues caused by divorce. As a family law attorney in Upland, CA, that has extensive business background, Mr. Howell understands how to properly and legally value the business, including the valuation of hard assets, cash flow, profit, and loss. As a divorce attorney in Upland, CA, he works specifically with business owners that need legal advice pertaining to business and family issues.
A divorce attorney is critical in the division process, as both the business owner and the spouse must come to an agreement on how the business will be handled. Depending on the actual business structure, there are three basic options available to the parties being divorced: Both parties retain their portion of ownership in the business and continue to keep the business running; the business is sold and the parties divide the proceeds; or one party retains ownership of the business while other assets are given to the other party to cover their share of the value.
Business valuation is one of the most complex legal aspects of divorce. One reason for this is that the income from the business is usually one of the income sources for the family, as well as an asset that may be subject to division through the divorce proceedings. The Law Offices of Torrence L. Howell offer a family law attorney in Upland, CA, to help make sure the process is done correctly and that all of the state regulations regarding business valuation in this type of a situation are followed. In addition, it is important for the attorney to be able to simplify the explanations of the calculations used so that not only the parties involved in the divorce but also the judges can adequately understand the process.
A divorce attorney in Upland, CA, can offer valuable legal advice to business owners going through a divorce. More information about business valuation due to a divorce may be found at http://www.torrencelhowelllaw.com.
About The Law Offices of Torrence L. Howell:
Attorney, Torrence L. Howell has 18 years of experience in the law, representing people in Southern California for over 13 years. His MBA degree gives him the insight to understand the legal needs of business owners while also realizing that those business assets are at risk in the case of divorce. Believing that these two areas of the law are intertwined, Howell provides legal representation in family law and business law. For more information on the services offered by The Law Offices of Torrence L. Howell, please visit http://www.torrencelhowelllaw.com.
Law Offices of Torrence L. Howell
1365 W. Foothill Blvd. Suite 2
Upland, CA 91786