Divorce can be a challenging process, and it's easy to make mistakes that can have long-term consequences. Here are some common mistakes people make during a divorce: Letting emotions drive decisions: Acting out of anger, guilt, or sadness can lead to poor choices. Not …
What Happens if the Family Business is Community Property?
When dividing a business as part of the financial settlement in a divorce, care must be taken to understand the process for determining if the business is community or individual property. Generally a family business is an asset and therefore a source of income for both parties but you may need an …
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How CPAs Analyze Financial Statements in Dissolution Cases
What do forensic accountants look for when they review financial statements of a business provided to them by counsel? What are the signs that there are irregularities taking place? What are the typical types of financial statements? There are three standards and three types of financial …
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