Family Law for Business Owners and Entrepreneurs
Financially Focused Family Lawyer for Business Owners, Entrepreneurs, and High-Income Professionals
Calculating child support, spousal support and equalization payments during separation and divorce is a complicated process. If you or your spouse owns a business, a practice, or a professional corporation, or are self-employed, the process can be further complicated by the challenges of identifying and valuing business assets and personal income.
At Financial Litigation we have a specific focus on the financial elements of family law disputes. Our clients are self-employed professionals, entrepreneurs, and business owners with high incomes or significant assets.
Protecting your business during and after marriage
Our clients have worked hard to build their businesses, and our goal is to help them reach a settlement that protects their years of dedication and investment. We take an individual approach to each case, and carefully consider the best approach to meet each client’s needs.
Whether you want to ensure the continued success of your family business, need to ensure that business income is properly calculated, or have to divide business assets fairly, Financial Litigation has experience assisting with complex family law matters on behalf of high-income clients and their spouses.
We can help our professional clients prepare prenuptial agreements and marriage contracts that address their company assets. We also advise high-income clients regarding separation, divorce, spousal support, and child support obligations.
Proper valuation of business assets and self-employment income
It can be very difficult to determine the fair value of a business, or even the dollar amount of a business owner’s annual income for the purposes of support payments. Making a proper assessment of you or your spouse’s company or professional practice is the first step to ensuring that your rights and financial well-being are protected, particularly in the event of a relationship breakdown.
Eli Karp work closely with forensic accountants and other experts to understand how your business operates, and your unique financial circumstances, and to provide you with comprehensive legal guidance that addresses all potential financial risks. We work in tandem with these professionals to ensure that support and equalization payments are based on fair values and that you and your business suffer as little economic loss as possible.
Experienced Toronto family lawyers protecting business owners and entrepreneurs
When you own your own business, or are self-employed, you have unique needs when it comes to family matters. At Financial Litigation, our practice offers high-income clients and business owners family law advice specifically tailored to the needs of professionals and entrepreneurs. We can help you protect your assets during marriage, and ensure that separation or divorce does not put your hard work at risk. Call 416-769-4107 x1 or contact us online to schedule a consultation.