Legal Question in Family Law in California
If I own a "popcorn ceiling removal "business that has no assets and no repeat customers and is very difficult in this economy and I go through divorce and the forensic accountant places a value on it . Can I say I don't want the business, or let's sell the business even though there will be no buyers because are no assets. And since we split up I've lost all my trained employees, The contractors license was suspended, because I could not pay Workmen's Comp. as there are very few jobs out there in this economy
1 Answer from Attorneys
It would be sensible to have a case management conference with the judge on this particular point. If you stipulate to have the property listed and sold as well as utilize the outcome of that listing as a determination of the business value, this would seem to be an appropriate way to resolve the issue concerning the forensic accountants valuation. Please meet with an experienced family law attorney to explore your legal options.
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