Oakland County Lawyers for Protecting Businesses in Divorce

Attorneys Help Professionals Protect Their Practices in Novi, Canton and Farmington Hills Michigan

No matter how you make your living, a divorce is likely to create difficulties in your life. For professionals who own and operate private practices, the divorce process can be even more challenging. The same is true for owners of closely-held family businesses. At Elkouri Heath PLC, we understand that the right way to handle such assets is rarely the same from one case to the next, but we recognize the importance of protecting your life's work. That is why we are committed to helping you find a favorable resolution to even the most challenging divorce issues.

Oakland County Attorneys for Protecting a Professional Practice

A professional practice may be part of the marital estate during a divorce, even if your spouse never played a role in the business or its operation. Michigan law provides that an asset may be considered marital property based on a number of factors, including when the practice was founded, how it has grown during the marriage, and how profits are managed. Our lawyers are equipped to help you determine if all or part of your practice may be subject to asset division in your divorce.

Attorneys Susan Elkouri and Symantha Heath have helped many professionals throughout the region with their most complex divorce concerns, including but not limited to:

• Doctors;
• Dentists;
• Certified Public Accountants and tax advisors;
• Lawyers;
• Architects;
• Designers and decorators; and
• Veterinarians.

If any portion of your practice is found to be marital property, a proper business valuation must be conducted to facilitate the equitable distribution of marital assets. It may require a creative agreement and the skilled assistance of a knowledgeable lawyer to finish your divorce.

Business Concerns in Canton Michigan Divorces

Family-owned and other closely-held companies typically offer similar challenges. Any interests that you own could be considered marital property depending on when and how they were acquired. Dividing business interests can become extremely complicated, especially if your spouse also owns interests or the company ownership is spread across several generations. We understand that hostile divorce litigation can be damaging to a family business. Through mediation and other forms of alternative dispute resolution, we are prepared to help you reach a workable agreement that protects the rights of everyone involved.

We Can Help

The attorneys at Elkouri Heath PLC have nearly five decades of combined family law experience. Our attention to detail and personalized approach have helped us build a long track-record of success in divorce cases throughout the area. We take the time to listen carefully to our clients so that we can meet their needs and exceed their expectations.

If you have questions about how your divorce could potentially impact your business or professional practice, contact our firm. Call 248-344-9700 to schedule a free, confidential consultation today. From our office in Novi, MI, we serve clients in and around Wayne County, Oakland County, and throughout Southeast Michigan.