Divorce can put a privately held company under financial and legal pressure even when only one spouse runs it. The main divorce considerations for business owners in Washington include characterizing the ownership interest, valuing the company, protecting operations, and separating business income from support issues. S.L. Pitts PC handles financially complex divorces involving closely held...
Divorce
Learning how to file for divorce in Washington State starts with a petition filed in Superior Court, followed by legally valid service on the other spouse. Washington is a no-fault divorce state, so the person filing does not have to prove adultery, abandonment, or another form of marital misconduct. The marriage must instead be alleged...
Seattle is home to one of the nation’s leading technology and innovation hubs, with thriving software, artificial intelligence, biotechnology, aerospace, and life sciences industries. Many founders, entrepreneurs, and early-stage employees receive startup equity as part of their compensation or ownership. While these assets can represent substantial long-term wealth, they often present unique challenges during divorce...
Washington’s economy is driven by industries such as technology, aerospace, manufacturing, maritime, agriculture, and professional services. Many business owners operate closely held companies, professional practices, partnerships, LLCs, and fast-growing startups. If you own a business and are going through a divorce, protecting what you’ve built is likely one of your highest priorities. You may be...
Stock options and restricted stock units (RSUs) have become an increasingly valuable part of compensation for many professionals throughout Washington, particularly within the Seattle-Bellevue technology corridor. Companies ranging from established employers such as Amazon, Microsoft, and Google to emerging startups often award stock options and RSUs to executives, software engineers, managers, and other key employees....
Many people delay or avoid divorce because they fear the cost. However, this is rarely the safest or healthiest decision, and money should not stop you from prioritizing your happiness and wellbeing or that of your children. In this situation, many people ask: “how much is a divorce in WA state”? While it is true...
Finding the right state to file for divorce depends on more than where you currently live. Courts generally consider residency requirements, where your spouse resides, where the marriage was established, and whether another court has already accepted jurisdiction. Filing in the appropriate can affect issues such as property division, child custody, spousal support, and the...
Businesses in the Seattle and Puget Sound technology sector often offer non-cash benefits and incentives to employees. Particularly prominent are stock options, restricted stock units (RSUs), and equity compensation, and as such, you may be wondering what the true financial outcome or cost of divorce might look like. In a marital dissolution, many assets are...