Texas Lawyers for Business Valuation in Divorce
When a family's net worth comes in part or in whole from its ownership stake in a business, business valuation becomes extremely important. Whether both spouses share ownership or one spouse owns the business, it is important for both parties to understand their rights in terms of division of marital property.
At Schachter Harris, LLP, our Irving divorce lawyers represent clients throughout the Dallas-Fort Worth area. Our attorneys are highly experienced at helping clients seek positive outcomes to potentially tricky issues of community property and family law, including business valuation and complex property division.
Business Valuation
All property that is marital (or community) in nature is subject to equitable division between spouses. This includes family-owned businesses. Because businesses do not necessarily have a ready market value, our attorneys work with qualified accountants and other professionals to pursue asset valuation in order to provide our clients with an accurate picture of where their assets stand and how much money is at stake.
In determining equitable distribution of business assets, a number of questions must be answered, including:
- Was the business started during the marriage?
- Did the non-business owner spouse contribute to the business?
- Will a buyout take place between spouses?
- Will the business be sold as part of the divorce agreement?
- Who is responsible for outstanding business debt?
- Who will be responsible for future tax liabilities?
As experienced trial lawyers, we are fully prepared to take your case to trial if necessary, but we also recognize that many people wish to avoid divorce litigation, and in many cases, we are able to achieve positive outcomes through collaborative law and mediation.
Dallas Attorneys for Complex Property Valuation
Our offices are conveniently located in Las Colinas (North Irving), with free parking. If you need help pursuing a positive resolution to your business valuation case, call us toll free at 877.900.9458 or e-mail us to schedule a meeting.
