Any Fort Lauderdale divorce case that involves significant assets or involving high net worth individuals will typically present complex asset division issues.  One of the most difficult property division issues in a dissolution of marriage in a Broward County divorce involves the division of interest in a family business.  The conflict and animosity that often accompanies the divorce process can interfere with the effective functioning of the business enterprise bringing its operation to a halt, reducing its income stream or even causing long-term damage to the business.  If you and/or your spouse own a family business, the process of divorce will involve a number of complications including:

• Reaching a proper valuation of the business
• Determining how the business will be managed and controlled during the divorce
• Management and control of the business following the divorce
• Potential hidden or diverted assets, revenue or income
• Resolution of ownership interests in the business following the dissolution of the marriage
• Protection of business reputation and goodwill

A dissolution of marriage involving the valuation and resolution of interest in a family business requires more than just an attorney with a thorough knowledge of Florida divorce law.  Any legal matter that involves a family business requires an attorney with a thorough understanding of complex business transactions, taxes, accounting and valuation principles.  The Fort Lauderdale divorce lawyers at our law firm have the accounting and business experience to help you obtain a fair and accurate valuation of a family business.  We will help to protect your legal rights and your interest in that business.

Our experience handling divorces involving businesses of a wide array of entities and industries means that we can help you resolve the property division issues for your closely held family business.  We also understand the importance of preventing disruption of the business, which can lead to short-term financial losses and permanent damage to the value of the business.  If you are the spouse that had primary responsibility for the day-to-day management of the business, we will work for a resolution that permits the business to continue its smooth and seamless operation.

For the spouse that exercised minimal management or involvement in the finances of the business, we will conduct aggressive discovery of financial documents including profit and loss statements, tax returns, receipts, accounts receivable and payable, inventory control documents and other financial documents so that we can ensure that the assets and cash flow of the business are fully disclosed.  If your spouse refuses to cooperate, we routinely use experts like forensic accountants to ensure that the business is properly valued and any distribution of interest in the family business is fair and equitable.

Some Florida divorce issues can be handled without an attorney, but a divorce involving a closely held business is not that type of divorce.  We will use our experience and skill handling accounting, business and family law issues so that we can obtain the best resolution possible of your interest in a family held business. If you are facing a divorce in Broward County and you and/or your spouse own a family business, you should call our Fort Lauderdale divorce law firm.  Eric N. Klein and Associates, P.A. provide dedicated but compassionate representation in family law issues in Fort Lauderdale, Florida, Broward County and throughout South Florida.