Valuing Your Business
After determining whether or not your business interest is separate or marital, the next step is to determine the value of a business. This step is often the main reason for disagreement between spouses. Valuation of your (or your spouse’s) business is crucial as you don’t want to mistakenly undervalue a business and risk losing your proper share in the business interest.
Once a proper valuation is performed, there are usually three options to consider should a divorce take place:
- One spouse buys out the other spouse
- Both parties agree to sell the business and divide the proceeds
- Spouses remain co-owners of the business
Our experienced team of divorce attorneys at Alexandra Geczi, PLLC are here to help you navigate these rough times. Contact us today to schedule a consultation.
Protect your business before the initiation (or even consideration) of divorce. Placing protective measures over what may be your largest financial asset will save you time and money, should a separation take place. Although it may be a difficult conversation, it’s important to protect your business, interests, and your investments before getting married.
When a business is at the heart of the marital estate, it can be especially important to hire a divorce lawyer that understands how to protect its value. The team of experienced Texas divorce attorneys here at Alexandra Geczi, PLLC can guide you in your divorce journey. We offer pre-divorce planning sessions for those who are looking to minimize potential conflict and plan ahead, as well as strategy sessions for those who are ready to dive in. Want to learn more? Contact our Dallas office today.