Glendale Business Owners Divorce Lawyer Attorney

If you and your spouse are facing a divorce, it’s crucial to account for the numerous hardships and complexities that may be in your near future. Even in the simplest, most civil divorce cases, it’s necessary to hire a lawyer to ensure your needs and rights are protected. For couples who own a business together, a Glendale business owner’s divorce lawyer can have a positive impact on the outcome of your case.

Experienced Business Owners Divorce Law Firm

The dedicated attorneys at Khalaf Law Group have been serving clients for nearly two decades. Our team is trained and equipped to handle cases involving divorce and family matters, which is why we can guide you through each step of the process with skill and compassion. We’ve helped many business owners through divorce, so we understand the unique challenges of these cases.

How Property Laws Impact Divorce Cases

It can be difficult to understand how property is divided during a divorce, especially if there are properties involved that were obtained both before and after marriage. For spouses who co-own a business but are in the process of divorcing, there may be multiple options for how to divide or share the property moving forward. However, in order for any legal decision to be made regarding your property, you must obtain the legal approval of a judge.

Community vs. Separate Property

Within a marriage, there are only two distinct categories of property: community and separate. The definitions are fairly straightforward and easy to understand. Community property refers to any property that was acquired by you or your spouse during the time of marriage. Separate property refers to any property that either you or your spouse acquired before you were married. Separate property can also include property obtained by either of you after you were declared legally separated.

For some couples who own businesses, it can be difficult to determine whether their business is legally considered community or separate property. The date on which the property was acquired, as well as any other legal changes to ownership from the time of acquisition, must be taken into consideration. This is one area in which an experienced lawyer can provide particularly helpful insight.

Property Division

As of 2022, approximately 26% of businesses in California were family-owned, with these percentages being higher in certain counties. In a state where family-owned businesses are valued, it can be difficult to decide how to divide property in the event of a divorce. There are multiple options that may be available to you and your spouse, including allowing one spouse to continue managing the business or continuing to co-own the business.

It is particularly crucial to have a lawyer present during this stage of the process, as they can make you aware of all possible options.

Hire a Divorce Lawyer

If you are facing a divorce and you own a business, it is important to reach out to an experienced lawyer as soon as possible. A business owner’s divorce attorney can provide insight and information that a lawyer who does not typically work with these cases may not be able to.

For clients who live in Glendale, the Khalaf Law Group offices are conveniently located nearby at 33 S Catalina Ave, Suite 202, Pasadena, CA 91106. Less than a half-hour drive from the heart of Glendale, we strive to be available and close to our clients. Visit or call our office to learn more about how we can help.

Why Choose Us?

While there are many law firms in Southern California that accept divorce cases for business owners, we bring unique, irreplaceable factors to the table. For well over a decade, our skilled lawyers have handled divorce and family law, meaning they have seen a wide array of cases. Moreover, our courtroom success gives a glimpse into the type of outcome you can expect from us – a favorable result for you, your family, and your business.

FAQs

Q: Is My Wife Entitled to Half of My Business if We Divorce in California?

A: Whether your wife is entitled to half of your business when you divorce will be dependent upon your specific situation. One particularly important factor is the ownership of the business. For example, if the property is co-owned or has become commingled property during the time of your marriage, the likelihood of you being required to share rights to your business after a divorce is significantly higher.

Q: How Is an LLC Treated in a Divorce in California?

A: In California, an LLC business can be treated as marital or community property in the event of a divorce between co-owners, or even if one spouse legally owns the business. This stipulation may require you and your spouse to share or divide the property. However, a lawyer who can review your case may be able to provide more detailed insights into whether your property will be considered community property in the eyes of the law.

Q: What Steps Should I Take to Begin My Divorce as a Business Owner?

A: The process of divorce is difficult for couples who do not own a business or work together. With this factor, complications can increase. One of the first steps to take is consulting a business divorce lawyer. Some questions you may need to work through together include who ownership will be transferred to once the divorce is complete and whether financial profits will be divided.

Q: What Is the Average Cost of a Divorce Lawyer in California?

A: The cost of a divorce lawyer in California will vary depending on a variety of factors. Certain factors, such as how much time a lawyer spends working on your case, may have a huge impact on the overall cost, while others, such as where your lawyer is located, may have minimal effects. Other factors to consider include their area of practice, whether they have handled cases similar to yours, and the fees that may be associated with court proceedings.

Glendale Business Owners Divorce Lawyer

At Khalaf Law Group, you can expect to receive compassionate and informed guidance throughout your divorce case. We have handled numerous divorces involving couples who were business owners, and we know how to help you achieve a favorable outcome. It is essential to acquire the assistance of a lawyer during this process, and our office is ready and equipped to help you every step of the way.

Contact our office today to get started and to ask any questions you may have. Divorce cases involving business ownership can be difficult to navigate, imposing various unique challenges that can be easily handled with the help of an experienced lawyer. The attorneys at Khalaf Law Group are ready to fight for you.