In Kings County, New York, business valuation in divorce is governed by New York Domestic Relations Law (DRL) § 236, which mandates equitable distribution of marital property, including business interests. Law Offices Of SRIS, P.C. has 4,739+ documented firm-wide results across VA, MD, DC, NY and NJ, with a favorable-outcome rate above 93%.
Business Valuation Divorce Lawyer Kings County, New York
Under New York Domestic Relations Law (DRL) § 236, Part B, marital property includes all assets acquired during the marriage, regardless of title, and is subject to equitable distribution. Business interests—whether sole proprietorships, partnerships, LLCs, or corporations—are classified as marital property to the extent their value was generated during the marriage. The court considers statutory factors including the duration of the marriage, each spouse’s contributions as homemaker and wage earner, and the tax consequences of distribution. A Business Valuation Divorce Lawyer Kings County helps ensure that business appraisals are accurate and that your rights are protected during this complex process.
Last verified: April 2026 | Kings County Supreme Court | New York State Senate — official site
Founded in 1997 by Mr. Sris, former prosecutor — Law Offices Of SRIS, P.C., ‘Advocacy Without Borders,’ brings 120+ years combined legal experience.
For authoritative legal references, consult the following official government sources:
In Kings County Supreme Court, judges routinely require both parties to submit a sworn statement of net worth (Form DR-150) within 20 days of filing. Failure to disclose business assets accurately can result in sanctions or an adverse inference at trial.
- Retain a qualified forensic accountant to perform a business appraisal early in the case.
- Gather all financial records: tax returns, profit-and-loss statements, balance sheets, and shareholder agreements.
- Identify whether the business is marital, separate, or partially marital property.
- File a Statement of Net Worth (Form DR-150) with complete and accurate business asset details.
- Attend the mandatory settlement conference prepared with a valuation report and settlement proposal.
- Negotiate a buyout or continued co-ownership arrangement if both parties wish to retain the business.
In Kings County, business valuation in divorce carries significant financial consequences under DRL § 236, including potential loss of business control, forced sale, or substantial monetary awards to the non-owning spouse.
| Issue | Classification | Financial Impact | Business Control | Tax Consequences | Additional Consequences |
|---|---|---|---|---|---|
| Business as Marital Property | Equitable Distribution | 50% or more of business value awarded to spouse | Potential loss of sole control | Capital gains tax on sale | Forced sale or buyout order |
| Separate Property Claim | Burden on claiming spouse | No division if proven separate | Retained by owning spouse | No immediate tax event | Must trace assets to pre-marriage or gift/inheritance |
| Failure to Disclose | Contempt of court | Sanctions, attorney fees, adverse inference | Judicial intervention | Possible tax penalties | Loss of credibility; potential criminal referral |
Results may vary.
Founded in 1997 by Mr. Sris, former prosecutor — Law Offices Of SRIS, P.C. brings 120+ years combined legal experience, 4,739+ documented firm-wide results across VA, MD, DC, NY and NJ, and a favorable-outcome rate above 93%. The firm’s tagline, ‘Advocacy Without Borders,’ reflects a commitment to aggressive, client-focused representation in complex family law matters, including business valuation divorce. Mr. Sris personally amended Va. Code § 20-107.3, the statute that governs equitable distribution in every Virginia divorce, demonstrating deep familiarity with property division law.
Law Offices Of SRIS, P.C. has 4,739+ documented firm-wide results across VA, MD, DC, NY and NJ, with a favorable-outcome rate above 93%. While specific Kings County case results are not separately tracked, the firm’s extensive experience in complex family law matters, including business valuation divorce, demonstrates a proven track record of protecting client interests. Results may vary.
Our location in Buffalo, NY is approximately 375 miles from Kings County Supreme Court, with access via I-90 and I-278. We serve clients throughout Kings County (Brooklyn) by appointment. Serving the communities of Downtown Brooklyn, Williamsburg, Park Slope, DUMBO, Brooklyn Heights, Bushwick, Crown Heights, Flatbush, Bay Ridge, Bed-Stuy, Bensonhurst, Coney Island, Brownsville, and Sunset Park. 24/7 phone consultations — (888) 437-7747 — meetings by appointment only.
Law Offices Of SRIS, P.C.
50 Fountain Plaza, Suite 1400, Office No. 142
Buffalo, NY 14202
Phone: (838) 292-0003
Toll-Free: (888) 437-7747
By appointment only.
Frequently Asked Questions About Business Valuation Divorce in Kings County
How long does a divorce take in Kings County (Brooklyn), New York?
Uncontested divorce: 3-6 months from filing to judgment; contested: 12-24+ months (NYC courts tend to be longer due to volume); mandatory settlement conference before trial; forensic custody evaluations: 2-6 months; pendente lite (temporary) motion: heard within 30-60 days; automatic orders under DRL § 236 freeze marital assets upon filing. NY requires 6-month irretrievable breakdown for no-fault. Filing fee: $335 (index number) + $95 RJI. Maintenance (alimony) calculated by statutory formula. Filed at Kings County Supreme Court. SRIS actively practices here — firm-wide, SRIS has handled 4,739+ documented case results with over 93% favorable outcomes.
How is child support calculated in Kings County (Brooklyn), New York?
NY child support uses a statutory formula: 17% for one child, 25% for two, 29% for three, 31% for four, 35% for five+ on combined income up to $163,000 (discretionary above). Cases at Kings County Supreme Court (360 Adams Street, Brooklyn, NY 11201). SRIS actively practices here — firm-wide, SRIS has handled 4,739+ documented case results with over 93% favorable outcomes.
How much does a divorce cost in Kings County (Brooklyn), New York?
Supreme Court divorce filing fee (index number purchase): $335; Request for Judicial Intervention (RJI): $95; note of issue: $30; service of process: varies ($50-$150); certified copies: $8-$15; mediation: $100-$400/hour; forensic custody evaluation: $5,000-$20,000+. NY requires 6-month irretrievable breakdown or signed separation agreement. Automatic orders (DRL § 236) freeze marital assets upon filing. Cases at Kings County Supreme Court (360 Adams Street, Brooklyn, NY 11201). SRIS actively practices here — firm-wide, SRIS has handled 4,739+ documented case results with over 93% favorable outcomes.
How does divorce work in Kings County (Brooklyn), NY?
Divorce in Kings County (Brooklyn) requires filing in NY court and meeting residency requirements. NY is an equitable distribution state. Law Offices Of SRIS, P.C. handles all divorce types. Consultation by appointment — (888) 437-7747.
What is a business valuation divorce lawyer Kings County?
A business valuation divorce lawyer Kings County specializes in determining the fair market value of a business during divorce proceedings under DRL § 236. This involves forensic accounting, appraisal of assets, and negotiation to ensure equitable distribution. SRIS, P.C. has extensive experience in these complex matters.
How does a business appraisal divorce lawyer Kings County help protect my business?
A business appraisal divorce lawyer Kings County works with forensic accountants to challenge inflated valuations, trace separate property, and negotiate buyouts or structured settlements. At Kings County Supreme Court, SRIS, P.C. advocates to minimize disruption to your business operations.
What should I do if I am facing a business valuation dispute in Kings County?
If facing a business valuation dispute in Kings County, contact a company value in divorce lawyer Kings County immediately. Do not transfer or hide assets—automatic orders under DRL § 236 freeze marital property. Preserve all financial records. The court at 360 Adams Street requires prompt action.
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Last verified: April 2026 | Kings County Supreme Court | New York Domestic Relations Law § 236
Case results depend on a variety of factors unique to each case. Results may vary.
Attorney responsible for this advertising: Mr. Sris.
By appointment only.