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Business Owner Divorce

The Challenges of Cash-Based Businesses During Divorce

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Cash-based business is a term that refers to companies that take most or a large percentage of their payments in cash. This setup often involves less documentation than other business structures. However, it can create legal complications and problems with the Internal Revenue Service (IRS). During a divorce, a cash-based business can also create additional […]

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Is Your Professional Degree Marital Property?

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Obtaining a professional degree is hard work that requires dedication and sacrifice, not only for the student but also for their spouse. Not to mention, it can also be quite costly and burdensome on the family budget. The courts realize that some spouses put their loved one through an expensive and time-consuming degree program only […]

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Dividing Business Interests in Divorce

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No matter how long a couple is married or what their financial state is, a divorce requires them to identify, value, and divide their assets. If their finances involve only bank or retirement accounts, this can be a simple process. However, if they have a business, the division of business interests can become complicated. In […]

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Your business’s value is important to your divorce

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You probably decided to start a business for many of the same reasons you chose to marry your spouse. Not only does your business provide you with financial stability, it also allows you to grow as a person. While your marriage is now on the rocks, your business may continue to thrive. Accordingly, before you […]

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Tips to Protect Family Business From Divorce

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Putting together a family business is often equal parts difficult and rewarding. Those who find success may see the business as more than just a profession, but as an additional part of the family. The business can become a part of the family’s culture, a part of the family’s heritage. Like any other part of […]

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Treat Marriage like an Investment, Get a Prenuptial Agreement

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A wedding is an exciting and stressful event — particularly for the couple getting married. The days leading up to this big event are likely filled with discussions about venues, photographers and caterers. Although these discussions are important to ensure the day goes smoothly, there are other discussions that are even more important. These discussions […]

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Minding Your Business During Divorce

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Many American couples start a business together. In fact, an estimated 3 million small businesses in the U.S. in 2000 were couple-owned, and that number has likely grown over the last nearly two decades. When a couple have become business partners and dissolve their marriage, the process can be disruptive – and even detrimental – […]

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What Happens to Inherited Business Interests During Divorce?

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Divorce involves the splitting of assets. Assets are generally broken down into one of two categories: marital or nonmarital, also referred to as separate. Marital assets are subject to split while assets that are deemed separate remain the property of the owning spouse. Keeping assets separate can be difficult. As such, each separate asset generally […]

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How Much is the Business Worth?

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What You Need to Know About Valuating the Family Business for Your PA Divorce. Pennsylvania is an equitable distribution state. This means that when a couple divorces, all marital property must be divided between the spouses. If you or your spouse owns a business, the business may be considered marital property. Before you and your […]

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Client Testimonials

They are amazing! I highly recommend anyone that is in need of assistance with child support hearings to seek out the expertise and experience of this law firm and staff! They handled my case quickly and I feel that my money was put to good use. Much appreciated! Nothing less than five stars!

Alana Deverson

I just want to say GREAT JOB! She is a no nonsense professional with years of experience that qualifies her as a skilled Family Law attorney. She is seasoned, sensitive, and most of all she cares. She made things easy for me. Definitely recommend!

Kimberly Colby

Overall I was pleased with the results of my divorce case. The entire Petrelli Previtera team truly cares about their clients. Luckily for me, I was paired up with an amazing team helping all the way. If you happen to work with this firm and with the lawyers you’ll be in great hands. It was such an excellent service and it was beyond I expected.

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