Examining A Range Of Factors When Dividing Professional Practices
Like any other business, professional practices are subject to division during divorce. With a history dating back to 1837, Higgins, Roberts & Suprunowicz, P.C., has helped New York professionals protect their practices for many years. We have also worked to protect the rights of nonpracticing spouses.
A great deal of hard work goes into establishing a professional practice. Professionals undergo years of rigorous education and invest time and energy into building a clientele. Our lawyers work to protect these hard-won practices.
Conversely, spouses of professionals often make sacrifices so that their spouses can pursue education and spend time establishing the practice. Some spouses even support their partners financially while they work toward the goal of setting up a professional practice. If you supported your spouse — or even if you did not — you have a right to an equitable share.
Our lawyers have represented professionals and spouses of professionals, and stand ready to assist in divorces involving professionals, including:
- Financial consultants
- Banking professionals
Niskayuna Valuing A Professional License Lawyer
Accurate valuation of a professional practice requires thorough examination of several factors, including tax obligations, debts and cash flow. Our attorneys will also consider intangible factors when determining the value of a professional practice.
Whether you are a professional or are the nonpracticing spouse, we will negotiate a fair and equitable settlement. If that proves impossible, we will advocate forcefully for you in court.