Attorney Torrence L. Howell specializes in both business and family law, so he’s the perfect person to ask about legal matters where these two areas intersect. For example, the following question comes up a lot in his practice:
How can I protect your business from divorce?
If you’re a business owner, this is an important question to be asking, no matter how happy your marriage may be at present. If the legal side of the equation isn’t constantly looked after and a divorce occurs, you could have to dissolve your business and liquidate its assets in order to split the value of it with your ex. That’s the worst case scenario—after spending so much time and energy to make your business successful, the last thing you want to do is dissolve it.
But the good news is that this worst case scenario can almost always be avoided with some careful planning. You can dramatically decrease the likelihood of having to liquidate your business by taking the following legal actions:
- Drafting and signing a prenuptial and/or postnuptial agreement with your spouse
- Including a lockout provision in your company’s partnership, shareholder, or LLC agreement
- Paying yourself a competitive salary throughout the duration of your marriage and the company’s existence
- Keeping your spouse from contributing their own work or assets to the business during the marriage
The principles of business and family law
Each business and each marriage is different, though the same legal principles apply in the majority of situations. Come speak with Attorney Howell about your concerns for the future of your business and your marriage. He will offer you specific legal counsel that will benefit your standing right away.
Specialized legal advice from Attorney Howell
If you’re considering getting married, you’re engaged, or you’re married already, Attorney Howell will provide you with legal advice that you can count on to protect your business in the event of a divorce. Keep in mind that over half of all marriages end up failing in the end, and make sure you’re covered in a legal sense in the even that marital bliss doesn’t last forever. It’s not a terribly romantic notion, but there are times to be romantic and times to be practical. Take care of the practical side by speaking with Attorney Howell and you can go be romantic with your spouse without a single nagging worry in your mind.
If you’re not yet married, Attorney Howell can draft a prenuptial agreement with you and your soon-to-be spouse to make sure the best interests of both parties are protected. You of course want to keep your business intact, and your partner may have other assets that they would like to keep safe as well in the event of a divorce. You can count on Attorney Howell to be fair and equitable while keeping the best interests of both parties in mind at all times.
To schedule your free initial consultation today, simply call (909) 920-0908 or email info@torrencelhowelllaw.com to set up a convenient time.
