If you are going through a divorce that involves a family-owned business, you face crucial questions. Can and will the business continue? If yes, who will own it? How much is the business worth? And how should each spouse be compensated for his or her interest in the business?
At the Lewisville, Texas, family law firm of Neal Ashmore, we have individually and collectively earned extensive recognition for our ability to identify assets and income, value businesses and protect clients’ rights in the division of complex property, including family-owned businesses.
If you and/or your spouse owned or established your family business during your marriage, the business will likely be included in a property division settlement or order. Because Texas is a community property state, if you or your spouse owned the business prior to marriage, a property settlement may be limited to business appreciation during the marriage. Questions of whether a spouse contributed to the value of the business during the marriage will likely also come into play.
Our attorney team includes board-certified family law lawyers and works closely with a certified divorce financial planning expert to ensure clients’ property rights are protected during divorce. We are experienced and knowledgeable regarding business considerations involving:
- The assessment of cash flow
- The valuing of businesses
- Analyzing ownership and investment in businesses
When necessary, we work with additional experts like forensic accountants and even private investigators to value the business and fully identify your interests. For more information, please contact our firm.
