July 9, 2018
Divorce, a problematic phase of life becomes more difficult if your partner is self-employed. There is a possibility that your self-employed partner may attempt to cloak his or her assets, which is one of the biggest concerns in such cases. Whereas, if you are a self-employed individual who wish to part ways with his/ her partner, then you must explore all the legal ways to protect your business. It is important that you know how to protect your interests if you are going through a divorce. In this article, we will list down what to expect and how to protect your interests.
Divorcing as a self-employed individual
Your financial health will be affected, if your partner claims that you earn more than you actually do. You need to be ready for it, because your business and your future depends on it. You need to follow the below mentioned divorce tips to protect your interests:
- Collect as many legally valid documents about your business and financial situation as you possibly can. Reliable and legally verifiable information is the key in divorce proceedings, so collect all the information you can.
- Seek professional help. You need to hire an accountant or auditor who can present accurate picture of your business.
Divorcing your self-employed spouse
As mentioned above, your self-employed partner may try to hide his/ her assets to give you less share than you legally deserve. To avoid such situations, you should determine the financial situation of your partner accurately. If you and your partner share a good relationship, then the chances of fraud are less but there always exist a possibility. Therefore, you need to follow the below mentioned points to protect your interest:
- Collect as many legally valid documents about your partner’s business and financial situation as you possibly can.
- Hire a forensic accountant or a business evaluate to find the true worth of your partner’s business.
If you live in the Richmond, Chesterfield, Henrico and Harrisonburg areas and you are thinking of divorcing your self-employed partner, call Cravens & Noll at 804-330-9220 or fill out our online contact form to schedule an initial consultation. We can discuss your situation, your legal rights, the potential costs of a divorce and your best options for moving forward.
At Cravens & Noll, an experienced Virginia law firm, we are Your Lawyers For Life and have protected and served the rights of over 30,000 people just like you throughout Virginia across 4 Decades in Business. This is why we have been voted one of The Best Law Firms and The Best Attorney in Richmond by the Richmond Times-Dispatch.
We know that every legal case is always…personal. No matter what you are facing right now our attorneys will provide the solutions you need, at a reasonable price. Whether divorce, personal injury, criminal charges, or bankruptcy. We work hard to be your lawyers for life. That means giving your individual case the one-on-one attention and care it deserves.
Our team of trusted and local lawyers will never give false expectations about the potential outcome of your case. You can count on a realistic assessment of your case, in order for you to make a sound decision.
With offices in Richmond and Harrisonburg, we will assist you with dedicated and professional legal advice. In times like this, you need answers, stability, and confidence. Our calculated approach quickly evaluates and stabilizes your situation immediately to prepare you for the legal matters ahead. Our goal as your attorney is that you feel immediate relief from the moment you contact us. We can meet with you face-to-face, by video, by telephone, or together in our office.
Contact our Virginia attorneys today for a consultation. At your appointment, we will ease the burden on your shoulders and provide you with options on how to proceed. Before taking a case, Cravens and Noll lawyers provide an initial consultation for clients.