While the Coronavirus (COVID-19) was disrupting everyone’s lives, Palmer Lehman Sandberg worked to achieve a balance – continuing to take care of our clients’ legal needs, while protecting our clients, our employees, and our community (local and nationwide).

As Texas has begun to reopen, Palmer Lehman Sandberg has adjusted accordingly.

  • We are available for in-office meetings, with the following protections in place – while in our building and our office common areas (lobby, elevators, hallways, etc.), visitors must wear face coverings, and maintain social distancing (minimum 6’) as much as possible.
  • We continue telephone and video conferencing in place of face-to-face meetings, for those who prefer it.

As we continue to serve you, we wish everyone safety and good health as together we move forward through these uncertain times.

Please reach out to anyone at our firm via email or phone with any questions or concerns.

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  6.  » Business-Related Divorce Settlements

Solutions For Business-Related Divorce Settlements

A small or family-owned business is one of the most important parts of a business owner’s life. It not only provides a means of support, but the emotional connection a person has to a business he or she created is often very strong. This can create complications during the divorce process, particularly when determining how a business will operate post-separation and divorce.

At Palmer Lehman Sandberg, PLLC, our attorneys have significant business and family law experience. Our unique combination of skills and knowledge allows us to provide strong advice and creative solutions to each client we serve. We strive to provide the best client service possible while working quickly to provide resolution. This helps us relieve the stress and anxiety that arises during the divorce process, as well as allows our clients to move onto the next stage of their lives.

The Process Of Business-Related Divorce Settlements

The first step (and arguably the most important) in reaching a beneficial settlement is for both parties to cooperate and work together. This allows both parties to have significant control over the final outcome while keeping their own interests and the best interests of the business in mind. That being said, we are always prepared to protect the rights of our clients via a trial.

Next, obtaining an accurate valuation of your small business is often necessary to ensure the court arrives at a fair final asset distribution plan. Our firm works closely with business analyst experts and forensic accountants to arrive at a value that reflects a company’s current worth and future growth potential.

Next, we help clients answer important questions such as:

  • Who will or should retain control of the company?
  • Is it possible for both parties to remain actively involved in the business operations or profit?
  • Are there any hidden assets that might affect a settlement?
  • Is it better to dissolve or sell the company?

The answers to these questions, of course, will depend upon your specific situation. When you work alongside our lawyers, you can feel confident that you are receiving honest advice backed by decades of experience.

Let Our Experience Work For You

We look forward to learning more about your situation as we answer any initial questions you might have. Please call our Dallas law office today at 214-242-6444 or contact our firm online.

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