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When facing a family law, estate law or other legal matter, it is important to work with an experienced attorney who can help you understand your options and protect your interests. At The Powell Law Firm, we have more than 20 years of experience protecting people in Pearland, Houston and the surrounding area in Texas.

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November 10, 2016

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On behalf of The Powell Law Firm

| Divorce

When Divorce Means Splitting the Business: What You Need to Know

What happens when both of you decide you’d like to be bought out of your share, or both of you want to remain involved with the company? Even in a best-case scenario, where you can agree on how to settle it, getting it from agreement to actuality can take some doing. An attorney can help protect your business..

If your goal is to keep the co-owned company functioning and intact, professional help from the right attorney may make all the difference. An attorney can provide the best advice to ensure the company is unaffected by your separation and divorce.

If a buy-out is part of the divorce proceedings, an attorney can help ensure that it is fair in financial terms and accomplished in a timely manner. If both parties choose to sell their interest in the company, an attorney can help arrange a sale. In an ideal world, you and your spouse would have a policy in place in case of divorce, but if you do not, an attorney can give you sound direction.

Being Proactive is as Important as Staying Calm.

Divorces can bring out the worst in people. It’s important to be proactive in protecting yourself and your assets while keeping communication as civil as possible.

Whether you will be working together again after the divorce or not, being professional with one another is the best way to minimize potential fallout. Keep it professional and both of you will thrive.

Splitting a co-owned business is a complex process. But having an able and experienced attorney on your side can help. The right representation ensures the best possibility for a bright and happy future.

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  • “I wanted to take the time to thank you [John Powell III] for helping me through a tough time in my life. Your guidance and voice of reason really helped me more than you will ever know. I had a previous attorney that I felt could have really cared less about me or the situation. Once on board with you, I felt an immediate difference and I was thankful for your quick response. I could not have finished this process without you and I am glad you were able to have so much hands on time with me. Again, thank you for everything you did for me and my son!”

    (S.R.)

  • “John Powell III was very helpful through the entire process of my divorce which involved a custody fight over my 3-year-old daughter. Mr. Powell has a strong working rapport with the Brazoria County family court. He was very patient, walking me through every step, knowing what to expect from my wife's attorney. We were ultimately successful and I would highly recommend him. As for my daughter, she is doing great. She has advanced to the preschool 2 class early, she is now 3.5 and now goes to school with the 4-5 year old's. Her emotional and behavioral issues have disappeared. Thanks to Mr. Powell's hard work my daughter will have a great chance at life.”

    (K.K.)

  • “Just wanted to say thanks for handling my post-divorce property division issue in a timely and professional manner. Especially your attention to detail and some quick-witted humor as well. Your firm was referred to us by a friend which can always be somewhat awkward but you made us feel at ease through the entire process. I would not hesitate to recommend your firm to anyone if the need arises.”

    (J.B.)

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    (M.K.S.)

  • “I had what I learned was not your stereotypical divorce case. John Powell III was extremely understanding of the situation and worked with myself and my former spouse to navigate the legal pitfalls in our, and our children's case. Everything was resolved amicably and with minimal impact to our family. Without Mr. Powell's assistance I do not know that we would have gotten to such a positive place.”

    (A.W.)

  • “John Powell III is a compassionate and thorough attorney. My case was a complex custody issue that required work in two wide-spread counties. Mr. Powell was able to efficiently overcome this added challenge. He is patient and clear in explaining concepts of the law. Even after the case was closed, Mr. Powell was available to explain the final judgment and to help ensure we were following the Judge's intent. It is very comforting to know that if additional issues arise he is there to act as my advocate.”

    (R.T.)

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