Business Owners A Difficult Chapter. A Stronger Tomorrow.

Dallas Business Owner Attorneys

Helping Business Owners Navigate Family Law Cases

Divorce is always difficult for everyone involved, but it can be much more complicated when one or both spouses own a business.

At Mueller Family Law Group , our Dallas business owner lawyers understand how courts deal with businesses during the divorce process. We'll work with you to safeguard your livelihood and work toward an optimal outcome in your case.

To schedule a consultation with our team, contact us online or via phone at (214) 225-6766.

Understanding Business Ownership During a Divorce

Your business is probably the most important asset you own. However, issues arise when it comes to the division of property.

Self-employed professionals typically own a personal service practice that often has very little to sell. The biggest problem is that aside from certain office assets, one cannot divide and sell a reputation.

Compensation is another area not always clearly defined as a business owner. For instance, you cannot commingle a salary and accounts payable–a calculation must defer to one or the other. The issue can be further complicated with shareholder loans, buy-sell agreements, or any partnership arguments.

After all of these things are taken into account, depreciation, and other tax issues have to be considered.

As you can see, business ownership during a divorce can be complicated. Let's quickly cover how courts often handle business during a divorce in Texas.

To schedule a consultation with our team, contact us online or via phone at (214) 225-6766.

How Does Property Division Impact Businesses in TX?

Before a business can be divided in a divorce, it must be accurately valued. This is a crucial step, but it is not necessarily an easy one.

Generally, both parties that have a stake in the business (assuming the court considers it or some aspects of it community property) hire a financial professional specializing in asset valuation. Those individuals come up with a quote for the value of the business. The parties then meet and agree on the business' value.

After agreeing on a value for the business, parties can often choose to handle asset division in one of the following ways:

One party (typically the one with more assets or more of a stake in the business) buys the other out and continues owning the enterprise;
The parties continue running the business as co-owners;
The parties sell the business and equitable divide the profits;
The parties split the business into two separate entities;
The parties dissolve the business entirely.

Because Texas is a community property state, courts often consider some aspect(s) of a business, such as the revenue it generates during a marriage, community property - even if one party holds vastly more stake than the other. As a result, business owners often unexpectedly find themselves entangled in property division disputes.

At Mueller Family Law Group , we fight for your company's survival and future prosperity. We can address any number of complex issues that may arise, such as:

Multiple owners
Community vs. Separate Property Concerns
Shareholder loans
Shareholder or partnership issues
Buy-sell agreements

When dealing with something as personal as a business, you want to ensure your decisions are well thought out. During the heat of divorce, it can be challenging to think straight. Let our Dallas business owner attorneys work with you to safeguard the enterprise you've worked so hard to build.

Read More Read Less

Different By Design Your Future Deserves a Board-Certified Level of Care and Attention

When you need action, not noise, you need a team that delivers with purpose and precision. Backed by honors from Best Lawyers in America and Best Law Firms in America, our reputation reflects the quality of our work. But what truly defines us is the impact we make for our clients, guiding them through challenging moments and helping them move forward with confidence.

See how we stand out

“They are some of the most zealous advocates I've ever seen, but careful and methodical.”
“After struggling with two other family law attorneys for 4 years, we switched over to Mueller Family Law, who was able to accomplish much more for our family than any prior attorney.”

R.S.
“I have had the best experience here and will always highly recommend them to my friends and family.”
Mueller Family Law is truly the best of the best. Jim Mueller and his team are top-notch. You cannot beat them as far as responsiveness, professionalism, and knowledge of the law. I have had the best experience here and will always highly recommend them to my friends and family. This firm knows how to win!

D.D.
“The firm recommended we try for a Collaborative divorce, and we did so successfully in about 90 days.”
“I used Janet Brumley at a most difficult time in my life, the end of a 15-year marriage with 4 children. The firm recommended we try for a Collaborative divorce, and we did so successfully in about 90 days. Obviously, a Collaborative divorce requires both”

A.S.
“They have become friends of the family and are very kind and conscientious of the emotional state that the client is going through at the time.”
“Jim Mueller, and Greg Beane took on an insurmountable task. They were excellent at keeping us informed, they took on the Colorado court system with a child custody suit.”

R.M.
“I can’t imagine having gone through this process without you.”
You have been my counselor, therapist, mentor, advisor – and most of all- my friend. I can’t imagine having gone through this process without you.

J.M.
“Whatever your needs are, they will find a way to help you and get the results you need.”
These attorneys are simply the best, they know what they are doing and do it well. They pay attention to their clients and provide the best advice. Whatever your needs are, they will find a way to help you and get the results you need.

L.Y.
“I had a great experience using this firm's Family Law approach for my divorce and then several years later for my prenuptial.”
I had a great experience using this firm's Family Law approach for my divorce and then several years later for my prenuptial. Janet Brumley was so knowledgeable and professional, and a genuine pleasure to work with. I have recommended them often without reservation.

C.A.
“Your diligence and thoroughness saved the day.”
I feel that at every turn, you went way beyond the call of duty. I had a friend whose care went beyond the legal proceeding of the job. Your diligence and thoroughness saved the day.

N.B.

You Need More Than Words.
You need Board-Certified Results.

First Name
Please enter your first name.
Last Name
Please enter your last name.
Phone
Please enter your phone number.

This isn't a valid phone number.
Email
Please enter your email address.

This isn't a valid email address.
Are you a new client?
Please make a selection.
How can we help you?
Please enter a message.
By submitting, you agree to receive text messages from Mueller Family Law Group at the number provided, including those related to your inquiry, follow-ups, and review requests, via automated technology. Consent is not a condition of purchase. Msg & data rates may apply. Msg frequency may vary. Reply STOP to cancel or HELP for assistance. Acceptable Use Policy