If you own a business and are going through divorce, maintaining control of the business and achieving a fair division of its value are important issues. To protect your interests, it's important to hire an attorney with a business background.
At Patton & Pittman, we understand business and divorce. Chris Pittman holds a degree in business management and is an experienced business attorney. From our office in Clarksville, our lawyers represent contractors, doctors, and owners of small and family-owned businesses and their spouses in northern Tennessee and southern Kentucky.
Even if you started your business before you married, your business may include a mixture of separate and community property. Unless you had a prenuptial agreement, sorting out each spouse's contributions to the business during your marriage can be complex.
Our lawyers work with a team of professionals, including financial analysts and certified public accountants, to value your business. Usually, one side will buy out the other's interests to ensure continuity of the business.
Some businesses provide a good income for the person who runs it, but may not have value since it cannot be sold to someone else. For example, a consulting business may not have value outside of the person operating it. A business that produces income may still result in an alimony award, even it isn't an asset you can sell.
Call (931) 361-4477 or contact us online to arrange a free initial consultation with our Clarksville divorce attorneys for business owners.