How Can I Protect My Business From a Divorce in California?

How Can I Protect My Business From a Divorce in California?

If you are a business owner in California, there are most likely very few things more important than your business, as you started it and built it from the ground up. That being said, you are most likely looking to protect your business from a future potential divorce. Please continue reading and speak with our knowledgeable California divorce attorneys to learn more about how we can help you protect your business. Here are some of the questions you may have:

What is a prenuptial agreement?

There are few better ways to protect a business from the pitfalls of divorce than by drafting a prenuptial agreement. Essentially, a prenuptial agreement is a type of marital agreement that couples can draft before they are married. In this document, you can outline various specific terms regarding a future potential divorce. For example, you can outline alimony terms, you can detail terms regarding equitable distribution, and, among other things, you can detail what would happen with your business, should you ever get divorced.

Can I draft a prenuptial agreement if I am already married?

If you are already married, you should understand that you may not draft a prenuptial agreement. However, you may still draft a postnuptial agreement, which essentially serves the same purpose. You can outline business interests, alimony terms, terms of equitable distribution, and more. While asking to draft a postnuptial agreement may be a complicated conversation to have with your spouse, the truth is, doing so may save you greatly in the long run. You should understand that drafting such an agreement does not reflect the strength of your marriage, and instead, it is simply a useful tool that spouses all over the country are beginning to use more and more often.

What is a shareholder agreement?

If you jointly own a business with your spouse, you should strongly consider drafting a document known as a shareholder agreement. Essentially, a shareholder agreement will outline both you and your spouse’s interests in a business, should you ever get divorced. If you have any additional questions, or you are looking to draft any of the aforementioned agreements, you should strongly consider speaking with our knowledgeable California divorce attorneys today. We are here to help ensure these documents best serve your needs and protect your business from a potential divorce.

Contact our experienced Los Angeles firm

Divorce and family law issues are notoriously complicated and personal, which is why you must hire an attorney with years of experience, as well as the compassion and skill needed to handle these sensitive matters. For the qualified, dedicated legal representation you and your family deserve and need, contact Zitser Family Law Group, APC today.

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