If you or your spouse owns a business, or if you own a business together, part or all of that business will be considered marital property and will need to be taken into account in the division of assets. As a business owner, you need to consider how this will affect your company in the short and long run. Work with a lawyer who is familiar with business valuations and knows how the Colorado family law courts treat the division of businesses in a divorce.

At McGuane and Hogan, P.C., we work regularly with business owners and the spouses of business owners in the Denver metro area and throughout the state to divide this asset. There are many ways to deal with division of property and assets in a divorce. We work with you to find the right solution for your unique needs.

Our attorneys wrote the book on Colorado family law. We have experience dealing with the valuation of businesses ranging from companies with small holdings to those worth millions of dollars. We have also dealt with a number of business types, including:

  • Professional practices
  • Startups
  • Intellectual property
  • Oil and gas interests
  • Cattle herds
  • Farm interests
  • Limited liability companies
  • Corporations
  • Personal brands

Why Is A Business Considered Marital Property?

Any property or asset you or your spouse owned, or co-owned, during the marriage is considered marital property. If you or your spouse owned the business prior to getting married, the increase in value during the marriage is considered marital property.

Our attorneys will sit down with you to discuss your goals regarding the business. If you are the business owner, we can talk about ways to keep the business intact. If you are the spouse of the business owner, you may be concerned about such things as how to guard against understated income or overstated expenses affecting the value of the business.

We find the most effective way to resolve a divorce quickly and efficiently is through negotiation. We work with you to establish your goals and find a settlement both you and your spouse can live with. If this is not possible, we are experienced trial lawyers and will bring your case before a judge. We strive to meet your goals with a minimum of stress while giving maximum benefit to you.

Make Sure Your Business Valuation Is Done Correctly

Call us to schedule a consultation at 303-691-9600 or contact us online. We have offices in Cherry Creek and Aspen and we serve clients all over Colorado.