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Among the worst things that can happen to a mom and pop shop is when mom and pop divorce. Suddenly the foundation of the business is torn apart and its future is cast in serious doubt. Trying to decide how to keep the business going, or dissolve it, is a job for Volusia County attorneys, who can provide guidance for getting through the mess a divorce creates. Fortunately the demise of mom’s and pop’s marriage, which has left the business teetering on the edge of annihilation isn’t played out in the headlines for an entire country to see. Not so with Frank and Jamie McCourt and their mom and pop shop, also known as the Los Angeles Dodgers. The couple’s acrimonious divorce proceedings were endangering one of Major League Baseball’s most valuable franchises. The Dodgers have always been at the top in attendance, revenue and wins since the team moved to California from Brooklyn, N.Y., in 1959. The problem became so severe in the eyes of the league that it took over operations of the team in April 2011. The league was concerned McCourt wouldn’t have the financial stability to continue the operations in a prudent manner. It probably didn’t help that his divorce settlement with his wife, Jamie, cost him $130 million. Now McCourt has agreed to sell the team to the league, which can then put together a package that can entice other prospective buyers. While most mom and pop shops don’t have the impact of a Major League baseball team, they are still important, especially if they are an icon of the community, such as a popular sandwich shop or dry cleaners. Making sure those businesses continue to operate is just as crucial and Volusia County attorneys can provide the consultation to make sure that happens. Unfortunately in divorce it is often inevitable that the only way to reach an amicable settlement of the business’ value is to sell it or put it into dissolution. Selling a small business usually takes quite a bit of time, though, so Volusia County attorneys can consult with mom and pop about how to proceed. If the business has to be shut down and the inventory, equipment and real estate sold, an accurate account of the proceeds is needed. No matter which way the settlement of mom’s and pop’s divorce takes, the proceedings and end result won’t be pleasant. Volusia County attorneys at least can help make it as painless as possible. For family law matters, such as divorce, or business matters, the Volusia County attorneys of Florida-based Mara & Mara Attorneys at Law are available for consultation.
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