Holly Springs Divorce Lawyers for Business Owners

Key Takeaways:

• Divorce with a business involved comes with extra challenges, from valuing assets to handling control and income, but with the right support, these can be tackled efficiently.
• Mediation is often the best route for business owners because it’s quicker, more private, and keeps you in control of the decisions that impact your future.
• Our approach is all about working with you, being upfront and clear, and creating a strategy that aligns with your goals, so you can move forward with confidence.

You’ve likely sacrificed an immeasurable amount of time, money, and labor to build your business(es) from the ground up, but if divorce is on the horizon, you may be starting to realize how it can put everything you’ve built at risk. At Triangle Smart Divorce, we help smart, savvy entrepreneurs like you avoid stupid mistakes during the divorce process that could put their business in jeopardy.

With decades of combined experience, our skilled Holly Springs divorce lawyers for business owners work closely with you to keep your case free from unnecessary drama, and you in control of what matters most. We also understand that your business isn’t the only concern – whether you’re worried about finding a fair custody, child support, or spousal support arrangement – and you can count on us to help you navigate these issues with confidence while keeping your goals front and center.

The earlier we get involved, the better we’re able to help, so don’t wait until problems arise to reach out. Book a consultation today to speak with a member of our Team about your specific situation and learn more about your options.

How Does Owning a Business Impact the Divorce Process?

As a business owner, your business is probably the most valuable asset you own – however, it represents more than that. It’s also your source of income, your livelihood (and the livelihood of any employees you have), your passion, and your legacy. So, it can’t be treated as just another asset, and there are a few main reasons why:

• Businesses can be hard to properly value. The value of an asset like a business cannot typically be determined the same way as other assets, because the future growth and earning potential must also be factored in. In divorces involving businesses, disputes over the actual value – and therefore what each spouse is entitled to – are common. This is why we frequently collaborate with financial experts to get everyone on the same page before moving on to determine how ownership or assets will be divided.

• You and your spouse may disagree on who should remain in control. As a business owner, you may worry about losing control of your company or having to share ownership with your spouse. There are several strategies our Holly Springs divorce lawyers for business owners may be able to implement to prevent this (buyout options, asset reallocation, etc.), but negotiating these terms while ensuring the business continues to thrive can be a delicate balancing act.

• The income your business generates directly impacts your financial stability. The income from your business plays a major role in determining spousal support (alimony) and child support. If the business is profitable, it can directly affect how much support your spouse is entitled to. Additionally, the financial stability of your business could be impacted by the divorce, especially if it involves selling assets or restructuring ownership.

These are just a few of the challenges involved in divorces where businesses are at stake, which is why you need legal support that not only understands their implications, but knows how to handle them in a way that prioritizes your goals. As a private business ourselves, Triangle Smart Divorce is equipped to help you safeguard your personal and financial future.

Why Our Holly Springs Divorce Lawyers for Business Owners Prioritize Out-of-Court Strategies

Going to court is the fastest way to give up control over what happens to your business, which is why we don’t recommend it. Is it necessary in some cases? Absolutely. But there are a lot of ways our Holly Springs divorce lawyers for business owners can help you avoid it. One of the most common and efficient ways is through mediation.

In mediation, you and your spouse (and each of your attorneys) attend meetings with a neutral third-party mediator who helps you engage in constructive discussion with the goal of reaching a full agreement on all the issues – including how you will split your business. Not only is it faster, more cost-effective, and more private than going to court, but it keeps you in control over your future.

Mediation gives you the opportunity to resolve issues on your terms, without the stress and uncertainty of a courtroom battle. While court may be unavoidable in some situations, mediation offers a more collaborative, flexible approach that empowers you to move forward with confidence.

What to Expect From the Triangle Smart Divorce Team

Everything we do is driven by our true commitment to, and care for, your well-being. You can trust us to be honest, even when it may not be what you want to hear, because you deserve to have all of the information and insights necessary to make the best decisions for yourself. Let’s work together to make a smart plan for your business and your future! Book your consultation today to learn more about what comes next.