How to Protect Your Business from Divorce Proceedings?

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How to Protect Your Business from Divorce
Proceedings?
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Do you own a business that youve spent years
building in Florida? You need to protect this
business, no matter its size, from divorce
proceedings. There are steps you need to take to
protect your business so that your spouse does
not wind up as one of your business partners once
the divorce goes final. Divorce attorney has the
following tips for how you can protect your
business from divorce.
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Fire Your Spouse Now
Now is the time to fire your spouse, while the
two of you are still married. Even if the
marriage has begun to hit speed bumps you need to
prepare for a possible divorce. The marriage
might not end in divorce but you should still
prepare like it will. How can you fire your
spouse from your business? Begin fading them out
of the daily operations of the business so they
cannot argue during divorce proceedings that they
had a larger operation and role in the success of
the company.
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Sacrifice Other Assets
Consider sacrificing other assets you have in
your name in order to keep 100 percent of the
business in your name. If you are truly in love
with your company and dont want to see it get
into your spouses hands you might be comfortable
giving up the marital home, cars, savings
accounts, collections and many other assets to
make him or her happy.
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Take Home A Good Salary
Theres no reason you shouldnt be taking home a
good salary when you own a business. If you truly
want to protect your business in a divorce you
need to pay yourself a good salary. Lets say you
borrowed a lot of the familys cash to make the
business succeed. When it comes time to get a
divorce your spouse will want their fair share of
the business proceeds. Pay yourself a legitimate
salary so you arent starving the familys cash
to help the business run.
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Secure Business Valuation
You need to have your business valued by a
neutral party who has no ties to either one of
you or any current ties to the company. If you
have already started divorce proceedings you need
to use a valuation professional who is appointed
by the court. This will help you avoid any
conflict of interest or ethical issues that could
come back to haunt you.
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Take Home A Good Salary
Theres no reason you shouldnt be taking home a
good salary when you own a business. If you truly
want to protect your business in a divorce you
need to pay yourself a good salary. Lets say you
borrowed a lot of the familys cash to make the
business succeed. When it comes time to get a
divorce your spouse will want their fair share of
the business proceeds. Pay yourself a legitimate
salary so you arent starving the familys cash
to help the business run.
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Hire An Attorney
Are you planning on filing for divorce? Do you
own a business? If you answered yes to both of
these questions you likely want to do everything
possible to keep the business out of your
spouses hands. Contact a Fort Lauderdale divorce
attorney to schedule an appointment today.
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Contact Details
Address
Phone No
Website

• 954-533-2756

• 200 SE 6th St, 402Fort Lauderdale, FL 33301

https//www.lauderdaledefense.com/Contact.shtml
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