Protecting Family Businesses and Professional Practices
512-610-6199
8911 N. Capital of Texas Highway
Building 2, Suite 2105, Austin, TX 78759

Austin Divorce Lawyers Protecting Family Businesses and Professional Practices

austin tx divorce lawyers

Helping Clients Through High Asset Divorce Matters in Georgetown and Throughout Travis County

If you have a family business or professional practice, a divorce can put the future of your business or practice in doubt. You have put countless years of your life into building your business and career; and to you, it is more than just an asset, it is your livelihood. To ensure your life's work is protected, it is important to work with an experienced divorce attorney.

At the Law Offices of Bill Powers, we are committed to fighting for the rights and interests of each client we serve. Since he went into private practice in the early 1980s, Attorney Bill Powers has established a strong track record of success with divorce and family law cases. He is one of a select few attorneys who has attained Board Certification in Family Law by the Texas Board of Legal Specialization, and he has helped countless clients protect family businesses and professional practices during divorce.

Ensuring a Fair Business Valuation

One of the main issues with divorce and family businesses or professional practices is determining the value of the entities. The spouse who wants to retain ownership of the business will want to make sure the valuation is not inflated. For this reason, it is a good idea to bring in outside professionals (such as accountants and business appraisers) who can provide a fair and objective valuation.

Another issue to consider is how involved your spouse is in the operation of the business, and if you have outside partners who will be impacted by your breakup. For example, if your spouse wants to retain a role in the business against the wishes of your partners, this is an added complication that must be worked out.

Protect your Business or Practice with a Prenuptial Agreement

Texas is a community property state, meaning if there are no written agreements to the contrary, property is generally considered to be owned equally by both spouses. For this reason, it is important to protect your business or practice with a prenuptial or post-marital agreement. Such agreements can ensure that the critical assets you have worked so hard to create are preserved in the event of a divorce.

If you are facing a divorce and have a family business or professional practice you are concerned about losing, we are here to help. Attorney Bill Powers is a skilled litigator and strong negotiator, and he knows what it takes to successfully navigate the complexities of divorce proceedings involving business assets. For a personalized consultation, contact our office today at 512-610-6199.

The Law Offices of William D. Powers

8911 N. Capital of Texas Highway, Building 2, Suite 2105, Austin, TX 78759