Legal Question in Family Law in Florida
our company is incorporated, in a divorce how is the splitting of the company handled? the company is in Florida.
Asked on 8/13/14, 4:17 am
2 Answers from Attorneys
David Slater
David P. Slater, Esq.
A value will be placed upon it. The parties can work out a sharing agreement, or the court will make a determination. If you want the business to continue, you either work together or one buy out the other.
Answered on 8/13/14, 4:36 am
John Smitten
Carey and Leisure
The company will have to be made a prty to the case then it will have to be valued by the court and divided according to Fla. Stat 61.075
Use of a lawyer is recommended.
John A. Smitten, Esquire
Carey and Leisure
622 Bypass Drive, Suite 100
Clearwater, FL 33764
Phone: 727-799-3900/Fax: 727-490-4944
www.careyandleisure.com
Answered on 8/13/14, 10:46 am