When it comes to the topic of divorce people’s first thoughts often go to things like: How will it effect the children? Who will get the house and the cars? How much am I going to have to pay in child and/or spousal support? Will I have to part with half of my stock portfolio?
In a Texas divorce, there are several issues that are unique to considering a business as an asset in the property division. The normal property division issues of identification, characterization, valuation, and division each have intricacies for businesses that need to be considered.
Addressing the type of entity (corporation, partnership, sole proprietorship) is important because
Our October monthly free lawyer’s continuing education presentation focused on new cases and legislation affecting Texas family law.
Here’s a link to watch the video on Facebook: https://fb.watch/8SJMhZFiJF/
Here’s the presentation with all the details: What’s New in Texas Family Law This Fall?
Here’s a link to Elisa Reiter’s excellent articles about the new legislation
Most business valuations in the divorce context are performed upon long-standing businesses. Valuing an early-stage start-up company poses some challenges. In 2013 the AICPA released a guide detailing a framework for assessing the six typical stages of a business’ lifecycle.
Continue Reading Start up company valuations in divorce
Because business entities are often a large part of a marital estate for divorce, family lawyers and clients should understand how to review the report and spot issues even before hiring or relying upon the party’s own expert for review.
Continue Reading Evaluating a valuation report
Often in divorces, a spouse or both spouses may own a closely-held business. While the business itself may not be divisible in the divorce, the value of the business entity as an asset of the marital estate can be an important component to the division. There are several considerations at play when valuing a business entity for divorce purposes.
Continue Reading Valuation of company for divorce
On Monday, February 29, 2016, Attorneys Michelle May O’Neil and Jere Hight presented a webinar on Small Business Issues in a Texas Divorce through the West LegalEdcenter, a Continuing Legal Education resource for attorneys looking for accredited educational opportunities within their given practice area. West LegalEdcenter hosts its webinars for 180 days, allowing lawyers to
