Protecting Your Business During A Divorce

Building a business is extremely hard work. For married couples, it can require sacrifices on the part of both spouses. That is why what happens to business assets during a divorce can be such a strong source of contention.

As business owners, our attorneys here at The Law Offices of Franz F. Springmann, Sr. and Andrew N. Wilson in Sevierville, Tennessee, understand how hard you work. They will work just as hard on your behalf to find a solution that protects your company's future and allows you to move on with your life.

Determining What Is A Marital Vs. Nonmarital Asset

Many people think if they own a business, then it's their business. That depends. If you are married and put your and your spouse's money into the business, the court may consider part of that business a marital asset that your spouse contributed to. In some cases, courts have held that a spouse contributed to a business while staying home to raise children, giving the owner spouse more time to work.

Finding A Solution That Works For Everyone

If you do not have a prenuptial agreement, in most cases it is better if you and your spouse can come to agreement without a judge's involvement. This could provide more certainty and allow you to stay in control of the process.

Our lawyers will work with expert appraisers to determine a fair value for the business and figure out what are marital assets and what are nonmarital assets.

If you and your spouse own a business together, it may be possible to negotiate a buyout of one person's interest. When necessary, we will fight hard at trial to protect what you deserve and will protect your future.

Schedule A Free Consultation To Learn More

When dealing with these complicated issues, put your trust in attorneys with more than 40 years of combined experience in complex family law matters. We invite you to schedule a free consultation today by sending us an email or calling our office in Sevierville at 865-280-1099.