Transmutation
A change in the character of property from separate to community (or vice versa). In California, transmutations of real or personal property must be in writing and signed by the spouse whose interest is adversely affected. Properly executed transmutation agreements can protect business assets in divorce.
Where This Matters
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Divorce & Business
→Protecting your business in a California divorce — community property rules, business valuation, settlement strategies, and what to expect.
Entity Formation
Choosing and setting up the right business structure — LLC, S-Corp, C-Corp, partnership — with California-specific tax implications and long-term planning.
Related Terms
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Enterprise Value (EV)Seller's Discretionary Earnings (SDE)EBITDA MultipleQuality of Earnings (QoE)Add-BacksDue DiligenceLetter of Intent (LOI)Holdback (Escrow)Earn-OutAsset SaleStock Sale (Equity Sale)GoodwillPersonal GoodwillCommunity PropertySeparate PropertyPereira MethodVan Camp MethodBuy-Sell AgreementShotgun Clause (Russian Roulette Clause)Right of First Refusal (ROFR)View all →