Often in Texas divorce cases, lawyers are tasked with determining the divisible interest in a professional corporation. This involved determining the individual’s interest in the corporation and then obtaining the value of the interest.
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When Business Owners Divorce: The Importance of Business Valuations
By Michelle O'Neil on
Posted in Business Interests
What happens to the business in a divorce?
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Divorce Business Valuation Article
By Michelle O'Neil on
Posted in Business Interests, Divorce
In most states the assets owned by an individual going through a divorce must be valued. This includes a business that one spouse may own. The value of the business may include both tangible assets and intangible assets. The majority of the value of the intangible assets may be related to “goodwill”.
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Divorce Business Valuation Approach
By Michelle O'Neil on
Posted in Business Interests, Divorce
Calculating the value of a business can be one of the most important parts of a divorce because a closely-held business may be one of the most significant assets of the marital estate. The best approach to such valuation is to hire an independent business appraiser–a CPA with an Accredited in Business Valuation (ABV) credential or a certified professional, like a Certified Business Appraiser (CBA) or someone recognized by the American Society of Appraisers (ASA).
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Minimizing Your Business Value in Divorce
By Michelle O'Neil on
Posted in Business Interests, Divorce
When spouses own a business and they are getting divorced, the value of the business becomes a major focus of the division of property. Dallas Texas Board Certified Divorce Lawyer Michelle May O’Neil explains the concepts of valuation of a closely-held business entity that affect and even minimize the value of a closely-held business entity:…
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Keeping Business Alive During Divorce
By Michelle O'Neil on
Posted in Business Interests, Divorce
Divorce is a hard enough time but when you own your own business, managing your divorce and keeping your business alive can be extra challenging. Here are some tips from Board Certified Dallas Family Lawyer Michelle May O’Neil of O’Neil Anderson…
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