Your Lebanon, Ohio, Divorce Lawyer For Business Owners

As a business owner, you understand the importance of protecting your assets. It is of the utmost importance to work with a lawyer who understands property and debt division, particularly when it comes to closely held businesses. At The Law Office of Juliette Gaffney Dame, my newly established law firm in Lebanon, I represent business owners throughout the region. I have more than 15 years of experience handling complex asset division cases as a divorce attorney. If you are a business owner in Warren, Butler or Hamilton counties, you can trust that I will advocate for you with knowledge and professionalism.

Valuing Businesses In An Ohio Divorce

Valuing and dividing a closely held business or practice can be a complex and contentious issue in a divorce. As your divorce lawyer, I will explore the different valuation methods, including:

• Income-based: Determined by the business’s earning potential
• Asset-based: The total value of business assets
• Market-based approaches: The potential sale price of the business

We will work together to determine whether your business interest is considered marital or separate property. This process involves examining the business’s history, contributions and growth during the marriage. I am sure to provide you with a clear understanding of your business’s worth. This helps you make informed decisions.

In addition to valuation, there are several key considerations that business owners must address during a divorce. These include:

• Income versus value: Understanding the difference between your business’s income and its value.
• Discovery and experts: We may need to engage with experts such as appraisers or accountants.
• Confidentiality: Protecting sensitive business information by putting confidentiality agreements in place.
• Taxes: I will consider the tax implications of different division scenarios to minimize your liability.
• Buyouts: One spouse buys out the other’s shares in the business.
• Co-ownership: Spouses continue to own the business jointly.

I guide you through each consideration with clear, step-by-step support to achieve a fair property division arrangement.

Protect Your Interests: Consult A Lebanon Divorce Attorney

If you are a business owner facing a divorce, I can help at The Law Office of Juliette Gaffney Dame. Take the first steps toward protecting your business interests. Schedule a consultation with me by calling 513-599-8979 or using my online contact form.