Divorcing Your Business Partner in Texas?
Let Our Firm Advise You on the Best Course of Action
Business divorces can be as emotionally draining as the ones that occur in the family courts, sometimes even more so. A shared business and long-term relationships are on the line. Protecting your business is essential, especially if you are in the midst of dividing assets and terminating a relationship. It is for this reason that you should enlist the help of an experienced civil litigation lawyer who can handle your business divorce.
Understanding Your Options
The following are the most common forms of distribution when it comes to a shared business:
- Buyouts, in which one business partner buys the other's interest in the business.
- Co-ownership, which is a viable option for business partners who remain amicable after a divorce. This works best if both parties are willing to collaborate in order to jointly own the business after divorce. This may also work in cases where one party wants to keep running the business while the other agrees to accept payments in order to satisfy his or her share of business assets.
- Selling the business, which would allow you and your partner to let go of any responsibilities you share, cutting ties completely. It may not be desirable, but it works for people who are ready to retire, want to be free of each other, or are ready to take on another challenge in their career.
Our firm can help you determine which option works best for you, your ex-spouse, and your business.
Contact Our Houston Civil Litigation Attorney Today
If you are heading for a business divorce, you will need a Houston civil litigation attorney to help you divide your business. At Massey Law Firm PLLC, we have the resources, energy, and means necessary to resolve the business aspect of your divorce with ease.
When you work with us, you can rest assured you are walking away with what you deserve. Business divorces can be notoriously complex, so put your business concerns in the hands of a lawyer who will take care of your business interests.
To speak with our Houston commercial litigation lawyer, contact us by calling (713) 338-2720.