Many high-asset divorces in Texas involve dividing up business assets. Some individuals choose to split the assets, while others sell the business or try to buy their estranged spouse out of the company. Whatever the case, both parties need to know how much the business is worth to ensure that they’re getting a fair deal.
Business valuation is an important aspect of many divorce proceedings. If one or both of the individuals forms a business during their marriage, that business could be worth millions of dollars by the time they get divorced. Through the process of business valuation, both parties learn how much the business is worth so they can figure out how to divide the assets.
To figure out the value of a business, some experts look at the company’s current market shares. They might also consider the business’s revenue and consider whether it can continue making a profit in the current market. Some experts figure how much money you would receive if you liquidated the business and sold off all your assets. A divorce attorney could give you more information about the valuation methods for your business.
Why do you need an attorney for a high-asset divorce?
High-asset divorces can be incredibly challenging. Over the course of your marriage, you and your estranged spouse might have accumulated stocks, investments, collectibles, insurance policies, business assets, properties, art, jewelry, savings accounts, retirement funds and countless other assets. To make matters worse, some people try to hide their assets from their spouses.
An attorney could help you take stock of your assets and make sure that your estranged spouse isn’t hiding anything from you. They could help you navigate the process of dividing dozens or hundreds of assets to ensure that you get a fair cut.
