Delaware Business Owners Attorneys

How To Protect Your Ohio Business Through Divorce

Divorce can have a devastating effect on your business. If you are ending your marriage and own your own business there are ways protect it.

For example, both spouses might work on the business together. Now, the conflict stemming from the divorce could spill over into business affairs. One spouse might try to seize the business books, fire staff, or form contracts that are not advantageous. One spouse might even start looting the business bank accounts.

If you run a business with your spouse, you need to move quickly. We can protect business assets and your company’s reputation, but the more time we have to act, the better.

At the Lawrence Law Office, our business owner divorce law experience makes us especially adept at ensuring that your business has all the necessary documents, including operating/shareholder agreements, that limit the fallout in case of divorce.

If you do decide to sell the business, then we can work with valuation experts to help determine an asking price. Even if your contributions to the business are essential, you could continue to work as a salaried employee for the new owner.

Why Work With Our Delaware Family Lawyers?

As a business owner, you know how important it is to streamline your operations so you can run your business more efficiently. At Lawrence Law, we have the same philosophy. Attorney Linda Lawrence has connections with financial planners, CPAs, and other professionals that can help you through the divorce process. While these professionals are sometimes necessary in divorce cases, they are almost always required in cases that involve a business or other complex matters, and our law firm can connect you to all of them, and more! 

When a divorce case involves a business, often the business must be valued, sometimes the business has to be sold, and negotiations also have to occur between the two parties, as businesses are typically considered marital property. All of this takes time and waiting for initial phone calls to be returned and meetings to be set up can result in clients doing a lot of waiting. With Attorney Linda Lawrence’s connections already in place, that wait time is cut down dramatically, so your case can move forward quickly. This will allow you to move forward in your life sooner, and can also minimize the cost of the divorce process.

Attorney Linda Lawrence also has extensive experience in family law, business law, and estate planning. These legal areas often become commingled. A business owner will need to decide what to do with their company during divorce, and that often affects the estate plan, as well. When you work with Lawrence Law Office, you can take care of all legal aspects of your case, without the need for seeking different legal counsel for separate matters. When you work with us, you can consider our firm your one-stop-shop that can tend to all your legal needs in the most efficient way possible.