New York Divorce Lawyer for Tech Executives & Startup Founders

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Divorce Attorney for Tech Executives & Startup Founders in New York City

While no divorce is ever easy, spouses in the tech and startup fields can face unique challenges. Executive positions place high demands on thought leaders and entrepreneurs, and the onset of a divorce can leave them struggling to balance personal life and work. If you are ending your marriage while simultaneously leading a company, you can rely on the services of an NYC divorce lawyer for tech executives and startup founders to help you.

Effective Divorce Representation for Executives and Business Founders

Since 2005, The Levoritz Law Firm has provided exceptional, results-driven legal services for spouses going through divorces in New York City. Our family law firm focuses on high-value divorces, so we understand the complexities of going through a divorce while balancing demanding work-related responsibilities.

When you work with our award-winning law firm, you are connected to one of our lead attorneys who takes a hands-on approach to managing your case. We always take the time to learn about our clients, their background, and their goals. This enables us to tailor the right legal strategy to their case.

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Unique Challenges That Executives and Founders Face in a Divorce

There are an estimated 8,979 startups in the metro NYC area, and the city is home to about 43 Fortune 500 companies. Whether your business is based in Midtown Manhattan, the Financial District, Hudson Yards, or elsewhere, your career in tech or another startup can influence the types of challenges you face during a divorce.

Executives often hold assets in the form of company equity and investments that may be subject to distribution under state law. Accounting for those assets can be a complicated task, and execs often face accusations that they are not disclosing everything they own.

A divorce can lead to ownership issues involving voting rights and concerns from investors. Another potential concern involves privacy. Litigation can expose an executive’s personal finances to public scrutiny, which is why legal representation throughout the process is crucial.

How Businesses Are Treated in a Divorce

In a divorce, whether it is heard at New York County Supreme Court at 60 Centre Street or Kings County Supreme Court at 360 Adams Street, the courts focus on how and when the business was developed.

Under New York’s equitable distribution law, a company that was formed during a marriage or that grew in value during that time would likely be considered marital property. As such, most or all of the assets from that company would likely be subject to division.

The courts consider factors like how the company was initially funded, the contributions of both spouses, and other factors when deciding what a fair division looks like. Even in cases where the business was founded before the marriage, the courts may see the growth in value and profits from that period as marital property. If you have concerns about the viability of your company, you should work with a divorce lawyer who has years of experience in such matters.

Why You Should Hire a Divorce Lawyer?

If you are an executive or startup founder going through a divorce, your top priority should be to hire a divorce lawyer to manage the complexities of your divorce case. A family law attorney can rely on their knowledge of divorce laws to protect your rights and interests throughout the case.

If you are falsely accused of concealing assets from the court, your attorney can provide proof to show otherwise. Executives often face unrealistic demands for spousal and child support. Your attorney can manage your case with a focus on achieving fair and sustainable results that provide your child with the resources they need.

FAQs

Q: How Are Startup Equity, Stock Options, and RSUs Handled in a New York Divorce?

A: Startup equity, stock options, and RSUs may be classified as marital property if they matured during the marriage. The court overseeing your case will consider when the assets were granted and whether they were tied to past or recent work. After reviewing that information and considering the length of the marriage and other factors, a judge may decide that all or a portion of those assets should be considered part of the marital estate.

Q: How Do Courts Value Early-Stage or Fast-Growing Tech Companies in NYC Divorces?

A: The process of valuing early-stage and rapidly growing companies can be challenging due to limited initial revenue and uncertain future growth attached to those companies. Both spouses can work to negotiate a fair and reasonable estimate of what those assets are worth. If the matter needs to be settled through litigation, the courts may rely on outside consultants to deliver reliable figures.

Q: How Can a Divorce Lawyer Help Protect Confidential Business Information?

A: A divorce lawyer can protect confidential business information by preventing it from becoming public record. One approach may require focusing on negotiations or mediation. Sensitive information can come out during testimony or when evidence is presented in court. Any steps that prevent those actions can help an executive protect their confidential business information.

Q: How Do Demanding Tech Schedules Affect Custody and Support Decisions?

A: It is an unfortunate reality that demanding tech schedules can affect custody and support decisions. The courts look at each parent’s ability to provide a loving and stable home environment. If your spouse alleges that you cannot provide those conditions, it could influence the outcome of your case. Your lawyer can take decisive action to prevent an adverse outcome in custody matters.

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Protect What You Have Built by Contacting The Levoritz Law Firm Today

After spending years or decades building a company or working your way up to an executive position, you should not risk losing an unfair portion of your estate during a divorce. With strategic and focused representation from The Levoritz Law Firm, you can protect what matters most and position yourself for a favorable outcome in court.

Our team of skilled litigators brings decades of combined experience managing complex cases. We understand the complexities of high-value divorces and the demands of your career. Contact our office today to schedule your consultation and take the first step toward protecting what you have built.

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This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by Founding Partner, Yonatan Levoritz who has more than 20 years of legal experience as a divorce & family attorney.

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