
Self-Employed or Business-Owner Spouse
Advice
During Divorce
Colorado
When one spouse owns a business or is self-employed, figuring out true income (for support and maintenance) and valuing the business (for property division) get increasingly difficult. Owner-controlled businesses make it easier to understate income or run personal expenses through the company, which is exactly why Colorado's mandatory disclosures, discovery, and forensic accountants exist. If you're the non-owner spouse, older financial records and tax returns are gold. If a business needs valuing, expect to bring in a valuation expert and the number can swing widely depending on method. These cases are among the most complex and contested, and trying to handle a business valuation without professional help usually costs more than it saves.
Links
WebsiteLocation
Colorado
Colorado, USA
