Serving People in Frisco and the Surrounding Areas

Dividing A Colorado Business During A Divorce

Colorado is a “no-fault” divorce state. This means blame is not assigned. It also means that marital property is divided equitably. Equitable distribution takes several factors into consideration.

At The Law Offices of David A. Helmer, LLC, we offer knowledgeable and aggressive divorce for business owners in Frisco and surrounding areas. The friendly staff and founding attorney David Helmer have a reputation as a premier Colorado family law firm. Attorney Helmer is AV Preeminent* peer-review rated through Martindale-Hubbell. He was also listed as Colorado’s 100 Top Trial Attorneys for 2012 by The National Trial Lawyers. As experienced business law attorneys, our team can help owners of a family business, solo practice, partnership, limited liability company, S corporation or other business entity or company.

Understanding The Business Division Process

There are several steps that are required when assessing “who owns the business” in a Colorado divorce. These are, in general terms:

  1. Establishing ownership
  2. Establishing interest: Was the business a premarital asset; is the business separate from the marriage; or is it a marital asset?
  3. Assessing value and debts: How has the value or debt of the business changed during the marriage? What is the marketable value of the business today, including real property, equipment, technology, patents, land or other assets? What are the revenues? These and other questions must be answered.

In many cases, the best path to achieving an accurate assessment of a business’s worth is to use experts. An expert has the special knowledge, experience and focus needed to ask the right questions and accurately determine the value of a business. Our team is experienced in many facets of Colorado divorce and family law. We understand how one area, such as business division, may affect alimony or your retirement plans.

Work With The Reputable Team

At The Law Offices of David A. Helmer, LLC, we bring our more than 40 years of collective experience in the courts to bear on every case we take. We pursue your interests with relentless fervor tempered with intelligence and the wisdom of experience. Call 800-483-0713 and speak with a member of our team about how we can help. Based in Frisco, we represent clients in Breckenridge, Keystone, Silverthorne, Summit County, Lake County, Grand County and Park County. You can also send us a brief email to introduce yourself, and we will be in touch.

*AV®, AV Preeminent®, Martindale-Hubbell Distinguished and Martindale-Hubbell Notable are certification marks used under license in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell® is the facilitator of a peer review rating process. Ratings reflect the anonymous opinions of members of the bar and the judiciary. Martindale-Hubbell® Peer Review Ratings™ fall into two categories — legal ability and general ethical standards.