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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 or has a financial interest in a business, the property division process can become very complex. Often the most crucial step in this process is determining an accurate value for the business; having an attorney who is experienced in handling business valuations as your counsel is, therefore, extremely important. At Powers Kerr & Rashidi, PLLC, we assist clients in properly valuing their businesses, and we help divide business interests in a manner that meets—or, in many cases, exceeds—our clients' objectives.

Properly Valuing a Business in Austin, Texas

Accurately determining the value of a business and other substancial marital assets is essential for a proper division of a marital estate. A quality business valuation typically includes a detailed analysis of both a business's tangible assets (e.g., cash, inventory, equipment, accounts receivable, loans, business debts) and its intangible assets (e.g., patents, copyrights, contracts, reputation). We work with a variety of well-respected valuation professionals who are familiar with all types of business assets, and thus are able to 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 acquired by a party during the course of a marriage is presumed to be subject to division between the divorcing parties. If a business is started or acquired during the marriage, and there is no post-nuptial agreement designating the business as one party's separate property, the divorcing parties may fear that the business will be split in half. In actuality, however, businesses are usually left intact and awarded in their entirety to one spouse, while the other spouse is compensated with assets of comparable value.

Whether you wish to retain ownership of your business, or want to ensure that you are properly compensated for the awardingof the business to your spouse, the attorneys at Powers Kerr & Rashidi, PLLC, will fight to accomplish your goals. We have decades of experience handling divorces involving business interests, and we know how to aggressively and appropriately advocate for our clients' objectives.

Because your business is such a significant part of your marital estate, you need to make sure that the business valuation and property division process is handled properly by 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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