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3 aspects to remember when divorcing as a parent

When you decided that the time had come to file for divorce, you may have had a laundry list of reasons for why it was the best decision. Still, you likely have many concerns and apprehensions about the legal process itself and how you will contend with certain issues that will come up. You may even struggle with your emotions during this time, but allowing emotional reactions to guide your decision making may not work in your favor.

As a parent, you may have even more worries when it comes to how your kids will handle the divorce and what child custody arrangements will work in their best interests. Because their best interests should remain a top priority, you could have to keep your feelings regarding their other parent in check in hopes of ensuring that you come to the best arrangement possible.

Don't have a business plan? You may want to make one

You probably have a vision in your head of how your small Texas business will unfold. You look forward to making your dreams into reality and begin taking the appropriate steps to make that happen.

Other entrepreneurs may ask you whether you have already created your business plan, and you may wonder why it's even necessary since you are only opening a small business. After all, you aren't starting a corporation or a large operation. Even so, you may want to rethink creating a business plan since it has many uses.

Is it time to choose a successor for your family business?

Running your own company may have become one of the highlights of your life. The sense of accomplishment you have felt over the years and the successes your business has garnered may have filled you with a sense of pride. You may have felt an even greater sense of pride when your children were born, and the idea that you could one day pass your business on to them may have brought you great joy.

Now that you and your children have gotten older, you may wonder how to best go about considering who should take over the company at the time of your retirement or, possibly, your demise. Luckily, business succession planning could go hand-in-hand with planning for your company's future or even when considering your estate plan. Of course, as with any business decision, you will likely have many aspects to take into account.

What should you know about tortious interference?

There are many challenges that come with owning and operating a small business in Texas. It is not easy to maintain operations, stay profitable and meet all of your obligations, and sometimes, the temptation to step over the line with the competition can be too much. When the behavior of a competitor is improper and unfair, the other business has the right to hold the competitor accountable.

If you believe that your business is being impacted by tortious interference, which is the improper conduct of the competition directed at your business, you may be unsure of what to do next. You would be wise to reach for experienced business law help in order to appropriately confront the actions of the other business and to protect the interests of your own.

Are you selling your business as part of the divorce?

Perhaps you and your spouse opened a business during the marriage. Over the years, the business thrived, but your marriage did not. Now, as you face a divorce, you agreed that selling the business is the best choice for you both.

The question is determining its value. You and your soon-to-be spouse agreed on how to split the proceeds, but you want to make sure you get a good price since you won't be sharing the money together. Instead, each of you only receives a share as part of the divorce. You have a choice of methods for valuing your business depending on your circumstances.

Business contracts could help better protect your company

As you have reached the point in your life when you feel ready to move forward with your long-desired business venture, you likely feel a sense of excitement and accomplishment. Though you may have already gone through many of the business formation steps necessary to get the ball rolling, you could still have much to do in order to get your company off the ground. While you bring more individuals on to help achieve your goals, you may need to more closely consider your business contracts.

Contracts often play an essential role in any company dealings. Without these agreements, you could find yourself in disputes or facing other issues that you did not foresee. With these legal documents in place, however, you may lessen the likelihood of conflict between yourself, business partners, employees or other related parties.

How is child custody determined in Texas?

Every state handles custody cases a bit differently. At the end of the day, though, they all have the same goal in mind, protecting these young individuals and making sure they are in environments that will best help them grow and develop. As every family is unique, no one-size-fits-all approach to child custody will work. That is why Texas offers several custody options and various ways in which to reach custody arrangements.

What are the different custody arrangements available in Texas? How does one go about getting a custody order put in place?

Closing the breach in a business gap

When you and your partners first decided to go into business together, you were likely excited and nervous at the same time. As a business owner, you typically have a lot more obligation and responsibility within your company than you might if you were merely an employee. As you and your partners worked out your business plan, designing a structure, employee base, details regarding production, marketing, sales, payroll, etc., you may have run into several obstacles when differences of opinion arose.

Chances are, you were able to discuss the matters at hand and work through your challenges until that glorious day finally came when you opened your doors to the public. Now that some time has passed (be it several months, years or decades) you may be quite satisfied with the way things are going or you may be facing your most difficult problem yet. Either way, a key factor in continued success is that every business partner fulfills his or her commitments to the company as per your written agreement.

Will my retirement savings still be mine after a Texas divorce?

Divorce changes everything, including your plans for the future. Despite years of hard work, the end of a marriage will almost certainly signal significant changes in your financial situation, including your retirement savings. While retirement is an important consideration in a divorce, it does not necessarily mean that you will have to give up on your closely held hopes and dreams for the future. 

Property division is one of the most emotionally charged issues in a Texas divorce, and it can be difficult to think clearly about the future during such as difficult time. With the help of an attorney, you can better understand how to pursue a strong post-divorce future and hang on to your dreams for retirement.

Parenting together after divorce

Parents know that some of the most difficult issues to navigate during a divorce are those relating to child custody. It is never easy to decide where a child will live and how often parents will get parenting time, even when both parties are amicable and willing to resolve issues without litigation.

In order to minimize the potential impact that a divorce can have on a child, many parents choose a joint custody agreement. With this type of custody plan, parents can share visitation with the children, allowing them to maintain strong relationships and an active role in the lives of their kids, even after a marriage is over. 

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