When one spouse owns a business, there are complex issues that must be solved. Under Texas law, a business owned by one spouse will most likely be classified, at least in part, as community property. This means that, unless there was a premarital agreement addressing the issue, the nonowner spouse will most likely be entitled to a portion of the business assets upon divorce.
At The Robinowitz Law Firm, P.C., I represent both business owners and spouses of business owners. I work to make sure that you are treated fairly during the property division process, which is very complex in divorce cases involving business owners. With more than 20 years of family law experience in Texas, I have guided many business owners and spouses through the divorce process, and I can do the same for you.
Business Valuation And Division Of Business Assets
A properly calculated business valuation is essential in business owner divorce. It makes it easier for the business owner spouse to keep the business up and running after divorce, and it gives the nonowner spouse adequate financial resources as he or she moves forward. I thoroughly understand how Texas’ community property rules affect division of assets, and I will work hard to protect your interests.
I work with a variety of experts in order to make a fair, objective valuation of the business. With assistance from accountants, business valuation experts and others, I can help locate and value items such as:
- Real estate
- Business goodwill
- Intellectual property
- Business loans and debt
- Accounts receivable
The determination of business value will greatly influence other aspects of the case, such as child and spousal support payments and the division of other property. That makes it very important to work with an experienced attorney who understands how the process works.
Contact a Harris County Business Owner Divorce Attorney
If you or your spouse own a business and you are planning to divorce, I can help you make sure that you and your business are treated fairly. To schedule a free initial consultation to discuss your specific needs, call 713-893-1886 or toll free 888-587-9098. You can also contact my Houston law firm online.