Plano and Frisco Business Divorce Lawyers
Legal Help Achieving a Fair Division ofInterests in a Closely Held Business or Partnership
Because of our law firm’s large business law practice, the Frisco divorce attorneys at Albin Roach frequently work with clients who own family businesses, privately held businesses, or are involved in business partnerships. When these clients start the divorce process, one of their primary concerns is how the divorce will affect their business interest and whether they can afford to buy out their spouse’s interest (even if the spouse wasn’t involved in the day to day operations).
- Will the business have to be sold? Or run cash poor?
- Will you need to raid the assets of the business? Or sell the family home?
- Will your ex get a share of the business in lieu of payment?
We understand your concerns. We’re business owners ourselves and we’re committed to helping our business divorce clients find solutions that don’t ruin their company or create cash flow problems. If you’re facing a business divorce, call our law office to schedule a consultation: 214-430-4440. See what our Frisco business divorce attorneys can do for your particular situation.
Strategic Solutions to Business Divorce
The lawyers on our Family Law team have decades of experience both at trial in family court, and with divorce mediation. Laura Roach, the managing partner of the family law section, has mediated more than 2,200 divorce cases and settled 98% of them successfully, without the need for a trial. Erin Bogdanowicz focuses her law practice on cases that are likely to go to trial. She was named one of the 10 Best in Client Satisfaction by the American Institute of Family Law Attorneys in 2016. Attorney Misty Cole (see bio below) had a decade of experience in business litigation before joining the family law team. She knows business inside and out.
Your Albin Roach divorce attorney will not only have access to legal advice from our business lawyers, but they will also work with knowledgeable business valuators to get an accurate assessment of the value of the business if it were to be sold. That value would exclude the value that the business-owning partner brings to it. He or she would be treated as an employee without a non-compete agreement, who may start up a similar business.
As you can see, accurately valuing a business is more complex than it may appear.
Misty Cole represents clients in divorce, child custody and child support, modification and enforcement of court orders. Ms. Cole spent the first 10 years of her law career handling contract and business disputes, mass tort litigation, product and premises liability, construction litigation, employment discrimination, and civil rights matters. She represented clients ranging from small business owners to Fortune 500 companies. Her background in business law is a tremendous asset for clients whose divorce will involve business interests.
Meet with a Divorce Lawyer Serving Frisco, McKinney, Plano and Allen, TX
Schedule a time to meet with one of our Frisco business divorce attorneys. We think you’ll enjoy the comfortable, informal atmosphere of our office, and find our lawyers easy to talk to, and ready to explain your legal rights and options. Call Albin Roach at 214-430-4440 or contact us online.