You Worked Hard For Your Business. Protect It In A Divorce.
For years, you worked hard to establish your business and run it successfully. Now, you are concerned about what will happen to it in a divorce.
It is crucial to work with an attorney who has years of experience handling divorces involving Texas businesses. Nikki Hudman, of Law Office of Nikki Hudman, is the attorney for you. She can assist you in all matters relating to your divorce and your business interests, from valuing your company to dividing business assets.
What Happens To A Business In A Divorce?
1. Determine separate and community assets
First, you will need to determine whether your business is separate property or community property. In Texas, community property is subject to property division in a divorce. Separate property, however, stays with its original owner.
2. Value business assets
Then, you must complete a business valuation. This complex process involves taking account of all assets and liabilities. This will ensure a fair and lawful division of business assets.
3. Determine an arrangement
Finally, you will obtain an arrangement regarding the business. This may involve one spouse buying out the other’s shares, selling the business and splitting the profits or any number of other arrangements. If spouses cannot negotiate this arrangement themselves, then a judge will issue a decision in court.
Get A Lawyer Who Is Board Certified In Family Law
Ms. Hudman is board certified in family law by the Texas Board of Legal Specialization. This is a testament to her knowledge and skill in all aspects of family law in our state. She can ensure that you cross every t and dot every i when you tackle the complex legal issues surrounding business and divorce.
Schedule A Consultation About Divorce And Business
When you contact our firm in Austin, you can make a consultation to discuss your case with Ms. Hudman. Schedule your consultation today by calling Law Office of Nikki Hudman. You can also send us an email and we will reply ASAP.