Divorce For Business Owners
Protect Your Assets
To a business owner, nothing can be more terrifying than the uncertainty of divorce. Your business, no matter how small, may be your biggest or most important asset. You’ve most likely spent countless hours and resources in nurturing and growing it. Though you may have been prepared to handle the ups and downs of your business, you probably haven’t prepared for a divorce and where that leaves your business. At Alexander Geczi, PLLC, we’re here to help protect your assets during a divorce.
Right Now, You may be Asking Yourself the Following Questions
- Who will run the business?
- Will customers go somewhere else?
- Will employees remain loyal?
- How will profits be shared?
- How will you (or your spouse) be compensated for time and investment?
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.
What Should I Bring?
For a case evaluation or initial consultation, you don’t need to bring anything with you. However, you may do so if you like. If you have been served with papers, or there are prior orders in your case, bring those. For a strategy session, we will provide you with a list of documents we hope to see, which you may or may not have access to. It may be helpful to bring recent tax returns, bank statements, and pay stubs. If you feel that there are other documents we should look at, bring those as well. Once we’ve had a chance to review the important documents in your case, we can formulate an action plan for you.
ALREADY HAVE AN APPOINTMENT?
Once you’ve scheduled an appointment, be sure to complete our initial intake form prior to your first meeting with our team and make payment as needed.
We look forward to meeting you!