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Pittsburgh and Allegheny County: Divorce And Business Owners

Pittsburgh Business Valuation

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When a party to a divorce owns their own business, the divorce becomes more complex. In addition to the sometimes difficult task of determining the actual income for a self-employed individual, it is also necessary to determine a value for the business.

Do you or your spouse own a business? Call Taybron Law Firm, LLC at (412) 231-9786 or toll-free at 1-844-VARI-LAW to schedule an appointment. Our lawyers are experienced in business valuations and high-asset divorces.

Calculation Of Income For PA Support Cases Involving Self-Employed Individuals

For self-employed persons, determining the amount of income available for child or spousal support purposes may be difficult. Self-employed persons may not accurately report all of their income on tax returns or may take as deductions certain expenses that are actually personal expenses such as the payment of automobile loans and insurance. For support purposes, certain expenses that are deductible for tax purposes may not be deductible from income for support. The family courts will carefully scrutinize the income claimed on the tax returns of self-employed individuals for these reasons. In many situations, our Pittsburgh divorce attorneys will employ a forensic accountant to assist in analyzing the income of a self-employed individual and to provide a report and testimony to the family court regarding their findings. Our office is also fortunate enough to have an accountant on staff to assist our business owners and their spouses in the calculation of income for support purposes.

Valuing a Business for Pennsylvania Divorce Purposes

One of the questions our Pennsylvania divorce attorneys must answer is whether the business owned by an individual spouse is a marital asset and, if so, what is the value of that marital asset. Once the business is characterized as a marital asset, our Pittsburgh divorce attorneys oftentimes retain a business valuation expert to help us determine the marital value of the business. Whether the business is a medical practice, a construction company or a retail store, we have a network of professional business valuation experts that work with our Pittsburgh divorce attorneys to determine the business’ value.

Helping Us Help You

One of the most important things you can do to help us and save on attorney’s fees is to keep accurate records, including tax returns, bills, invoices, etc. If it is your spouse’s business, you can help your case by obtaining copies of all of that information. For ways that you can help us, help you, click here.

Contact Our Pittsburgh Divorce and Business Valuation Attorneys

Email our Pittsburgh business valuation attorneys to learn how we can protect your marital property rights and fight for a fair support order for you.   Or, call us today at one of the following numbers:

Pittsburgh – (412) 231-9786

Canonsburg Washington County –  724-436-5500

Cranberry Township Butler County, PA – 724-776-9906

Toll-free at 1-844-827-4529 (1-844-VARI-LAW)

Our Pittsburgh divorce lawyers have represented over 1500 family law clients including many self-employed business owners or their spouses.  Let us put our years of experience to work helping you.

Appointments may also be available in other meeting locations throughout Western Pennsylvania upon advance arrangements with our office. Ask the secretary scheduling your appointment for details including appointment locations.

  • “Melissa was able to help”

    - Rhonda
  • “I not only recommend attorney Melissa Lewis, but I guarantee once you have used her service you will look no further. She responds in an extreme timely matter, is very knowledgeable, and an extremely trustworthy person.”

    - Maurice B.
  • “Amazing”

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Taybron Law Firm, LLC Is the Right Choice for Your Family Matters

Learn more about our firm and why you should entrust our experienced legal team to handle your family law matters.

  • Supporting Active Military and Veterans
    Offering Free 30-Minute Consultations to Active Military and Veterans.
  • Experienced

    More than 30 years of combined experience practicing family law in Pennsylvania.

  • Diverse

    Attorney Melissa C. Taybron is trained as a Certified Mediator.

  • Complex Cases
    Experienced with high income, self employed professionals in complex support and equitable distribution cases.
  • Strong Support
    A team of senior attorneys, junior associates, paralegals and law school clerks for full legal support throughout the process.

Request a Consultation

We can further discuss the individual details of your case when you come in for your no-obligation consultation, which can be scheduled by calling our firm at (412) 231-9786 or via the quick contact form we have included at the bottom of this page.

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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.