Dividing Portland Business Property in Divorce
If you or your spouse own a business either jointly or in only one parties name, the division of this business property must be resolved in your divorce or the dissolution of your registered "domestic partnership". Whether you and your soon-to-be ex are active joint business partners, one of you is a business owner, or one is more involved while the other is maintaining a household, both may have claims on the business property.
To discuss divorce and division of business property with an experienced Portland attorney, contact us at Jensen & Leiberan, Attorneys at Law. With offices based in Beaverton, we serve clients throughout Oregon's Portland metro area.
Determining Value and Negotiating Division
During a divorce, our main objective is to protect your interests when dividing marital property. This can be challenging when a husband or wife is sole or partial owner of a business or if they are both joint owners of a business. Several questions may arise, including:
- How can the value of the business be protected during the process?
- How are the income, good will, assets and debts valued?
- Is division of interest between husband and wife based on the individual's contribution to the business operations and growth?
- Is it possible to maintain operations of the business or must it be sold or dissolved?
At Jensen & Leiberan, we understand the investment many couples have in a family business. It's often more than financial, it is also an emotional investment. During divorce or dissolution of a registered "domestic partnership", where emotions are already running high, it can be difficult to be objective when it comes to discussing division of business property.
As family law attorneys, we have built a solid foundation of legal knowledge and experience. We have represented numerous husbands and wives and partners in business valuation and division matters. For businesses with significant assets, we also work with professionals in the accounting and business valuation fields to fully discover and evaluate clear and hidden business assets and interests.
Contact Us
To discuss your domestic relations matters with an experienced Oregon lawyer, contact us to schedule a consultation. With offices in Beaverton, we provide legal services to residents throughout the Portland metro area and the Willamette Valley.
