Keep Your Business In Your Hands After Divorce
You have worked hard for years to build your business from the ground up into the success it is today. Now that you are getting divorced, it is vital that you protect your business’ legacy and continue to enjoy the rewards of your efforts. At Conlon & McGlynn, LLC, we understand how important your business is to you, and your concerns about losing it in divorce. With more than 60 years of combined experience, we will explain your options for keeping your firm intact and your ownership rights respected.
Divorce, Division Of Assets And Business Ownership
Connecticut is an equitable property state. This means that in divorce, property division is determined on a case-by-case basis. You and your spouse have the right to negotiate a settlement that each of you can live with. An ownership interest in a business can be a highly valuable negotiating tool.
Another thing to keep in mind is that you did not have to work directly for the business during the marriage to be entitled to a share of its value. For example, you may have shouldered more of the housekeeping and child-raising responsibilities, so that your spouse could spend more time at work. Or you could have worked off the books part time. The key is to present evidence of your direct and indirect contributions to the business’ value – something we will explain to you in detail and help you prepare. We will make sure you are proportionally rewarded for your contributions to the company’s success.
We have negotiated thousands of divorce settlements. Our personalized approach to family law will ensure that your goals will be the basis of our strategy, whether you want to keep your business intact or want to be bought out of your share.
Know Your Options For Saving Your Company From Divorce
We are pleased to offer high-quality divorce representation to the residents of western Connecticut. To schedule a confidential consultation with one of our attorneys, contact Conlon & McGlynn, LLC, in Fairfield. Call us at 203-222-8686 for an appointment.