What Happens In A Texas Divorce When One Spouse Owns A Business?

What happens in a Texas divorce when one spouse owns a business? Texas operates under community property law, meaning that any property attained during the marriage is considered jointly owned by both spouses (community property), while property owned before the marriage remains separate. Everything bought, acquired, or formed during the marriage is considered community property. This includes businesses formed after marriage, no matter whose name is on the formation documents.On the other hand, any business created prior to the marriage remains separate property, including the growth that occurred during the marriage. Our Austin divorce lawyers can help you protect your business - get a free case evaluation now!