Laura Dale & Associates, P.C.
Se Habla Español Nous Parlons Français
Call 713-574-7952 or 888-572-6059
888-572-6059

Protecting a business during a divorce

Divorce is difficult by most people's standards. No matter what assets a couple may have, splitting up can be difficult and very emotional. When a couple has a large number of assets or one or more businesses to divide, however, there may be a need for experts in matters such as business valuation or financial planning.

What is the best way to protect a business during a high asset divorce? A prenuptial or post-nuptial agreement. This important legal document can specify how your business would be handled should a divorce occur. Should you find that your spouse wasn't going to sign either of these documents, then a business appraisal should be done so that if the business appreciates during the marriage, there would be a clearly identifiable value when the marriage occurred.

If your business is a partnership, then you'll want to have a clearly defined, written agreement about how your share would be valued if the other partner(s) were to buy you out. This could be used to determine how much your spouse's interest would be in your share. However, most people want the valuation to be low in this instance, as this means they will likely owe less to their soon-to-be ex-spouses.

A low valuation, though, could pose problems in the future if you ever want to sell the business and a potential buyer asks you if an appraisal has been done. After the possible buyer sees the low valuation, you could have some explaining to do. You can seek advice on how to handle your business valuation and other high asset divorce issues from an experienced family law attorney.

Source: Business Insider, "Here's how to protect a business from divorce," Jacqueline Newman, June 08, 2015

No Comments

Leave a comment
Comment Information

Client Testimonials

  1. Laura Dale the best Family Law attorney I have ever met... Posted by John...Listens, takes your calls, tells you the truth (even when it may not be what you want to hear)... Read More

  2. The Best...Posted by a Child Custody client... Laura Dale handled my international child custody and divorce matter. I am an attorney in Houston and was referred to her... Read More

  3. A Meticulous, Knowledgeable, Attorney with Heart...Posted by a Child Custody client... Laura was not the first attorney that my husband and I interviewed for an extremely complex... Read More

  4. Top Notch, Hands Down - The Best...Posted by Tammi, a Child Custody client... Laura Dale has been absolutely the best attorney I could have found for my difficult child custody... Read More

Contact Our Experienced Team Today | Se habla español | Nous parlons français

Due to the experience our lawyers have in many specialized areas, you can rely on us to put together the right team to handle your case, even if it centers on complex issues such as international family law, business valuation or bankruptcy. Contact us today to make an appointment to discuss your needs with a knowledgeable lawyer.

Laura Dale & Associates, P.C.
1800 Saint James Pl.
Suite 620
Houston, TX 77056

Toll Free: 888-572-6059
Phone: 713-574-7952
Fax: 713-600-1718
Houston Office Location

Review Us