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Austin, TX 78730

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Austin, TX Business Valuations in Divorce Attorney

Austin Texas Business Divorce Lawyer

Protecting Professional Practices, Family Businesses and Income Streams During Divorce

When a divorcing couple owns a family business or has a share in a business, the property division process can become very complex. The first and often most crucial step in this process is obtaining an accurate business valuation. Having an attorney who is experienced in handling business valuations is extremely important. At Powers and Kerr, PLLC, we assist clients in properly valuing their businesses and help divide business interests in a manner that satisfies our clients' objectives.

Properly Valuing a Business in Austin Texas

Accurately determining the value of a business or any other marital asset is essential to fairly dividing the marital estate. A proper valuation typically requires a detailed analysis of a business' tangible (i.e. cash, inventory, equipment, accounts receivable, loans, business debt) and intangible (i.e. patents, copyright, contracts, reputation) assets. The business valuation process is highly subjective and can lead to contentious disputes in a divorce. We work with a variety of well-respected business valuation professionals and operate from a position of strength when negotiating or litigating these matters.

Dividing Business Interests in a Divorce in Texas

Texas is a community property state, which means that all property gained during the course of a marriage is subject to equal division in a divorce. If a business is acquired or begun during the marriage and there is not a post-nuptial agreement designating it as separate property, it will likely be included in the property division. Many people who go through a divorce are scared that their business will be split in half. In actuality, businesses are usually left whole and awarded to one spouse while the other spouse is compensated with equivalent assets.

Whether you wish to retain ownership of the business or ensure you are properly compensated, we will fight to achieve your goals. We have decades of experience handling divorces involving business interests, and we know how to aggressively advocate for our clients' interests.

Your business is a significant asset in your marital estate. Make sure the business valuation and property division process is handled properly by choosing an experienced attorney. To learn more about how we can assist you, call 512-610-6199 or contact us online to schedule a consultation.

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