Divorce for Business Owners
Every divorce comes with personal and legal challenges, but those are magnified when the divorce involves significant assets, such as those held by business owners.
Whether you are a sole proprietor, or your business is family-owned, your spouse will likely have some amount of claim to the assets and income from your business when you divorce. You need to be sure your financial interests are protected. Our Collin County business divorce attorneys can help.
Maintaining a Strong Business Through Your Divorce Proceedings
At the Shapiro Law Firm, we can help you preserve your business’s vitality and your own financial interests as a divorcing business owner. Our depth of experience in Texas family law matters includes a record of success in uniquely complex cases, such as those that involve:
- How to protect a business from losses during the divorce process
- Retaining ownership of a business when a spouse is seeking ownership
- Equitably dividing business assets when a business was jointly owned
- Tax implications of business property transfers, acquisition, alimony and property division
There are various ways to protect your business assets in a divorce. Finding the right method begins with understanding the difference between separate and marital property. Everything from prenuptial and postnuptial agreements to whether or not your business is part of an inheritance can play a role.
Our firm can help you find opportunities for protecting your assets and weigh the advantages and disadvantages of various property division agreements. We walk our clients through marital property laws and work with them one-on-one to create a thoughtful and strategic plan, rather than one spurred from a contentious or vindictive mindset.
Your divorce proceedings can be personally challenging, but it is important to approach them with a rational evaluation from an experienced lawyer, especially when your business is involved. Work with us at the Shapiro Law Firm. We can help you stay on the right path.