When a couple divorces and a family-owned business is involved, the division of the business can go in one of several directions, and any number of issues may be disputed. For instance:
- A judge may order that the business be divided equally.
- A dispute may arise regarding the valuation of the business.
- A spouse may attempt to obtain part ownership in the business.
The result of negotiations or litigation can greatly affect the assets of either party after the divorce is finalized. If you are divorcing and wish to protect your interests in a family-owned business, it is essential that you obtain qualified, knowledgeable and aggressive legal help.
At the Lewisville, Texas, family law firm of Neal Ashmore, we have represented spouses’ interests in businesses for a combined 200-plus years. We draw on our vast experience and work with our certified divorce financial planning expert to maximize clients’ assets during the division of complex property. We can work effectively to maximize or minimize a cash pay out for a business, fight for your exclusive ownership of a business or otherwise protect your interests.
Was your business yours exclusively before your marriage? Did your spouse make only minor contributions to your business, or did you contribute heavily toward your spouse’s business?
We have resolved cases in which businesses have been declared the sole possession of one spouse, and we have succeeded in limiting a spouse’s payout to just the appreciated value of the business during the length of the marriage. We have worked with countless business owners and owners of professional practices and can work effectively to protect your interests. For more information, please contact a Lewisville business valuation lawyer at our firm.
