Family Business Law

Navigating Divorce in Utah: A Guide for Family Businesses

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Understanding Family Businesses in the Context of Divorce Family businesses are defined as enterprises that are owned or controlled by members of a single family. These businesses often encompass a wide variety of industries and can range from small, locally-owned shops to large, multinational corporations. What sets family businesses apart from other business structures is … Read more

Navigating Divorce in Texas Family Businesses: Owner Compensation Normalization, Goodwill, and Buy-Sell Clauses

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Understanding Family Businesses in Texas Family businesses play a vital role in the Texas economy, contributing significantly to its growth and sustainability. These enterprises, defined as businesses owned and operated by family members, range from small local operations to large corporations. In Texas, family-owned businesses represent a substantial percentage of all firms, providing jobs, supporting … Read more