On Monday, February 29, 2016, Attorneys Michelle May O’Neil and Jere
Hight presented a webinar on Small Business Issues in a Texas Divorce
through the West LegalEdcenter, a Continuing Legal Education resource
for attorneys looking for accredited educational opportunities within
their given practice area. West LegalEdcenter hosts its webinars for 180
days, allowing lawyers to access the content at their convenience.
In the hour-long session, Attorneys O’Neil and Hight discussed the
added complications small businesses provide during the Texas divorce
process, including the effect of the type of entity on the treatment of
the business as marital property, methods used in valuation of the small
businesses, and the characterization of the business as either separate
or community property.
The attorneys also covered an often ignored topic: the continued operation
of a jointly-owned business following the completion of the divorce. When
spouses wish to continue to run their business together after their divorce,
ongoing operation agreements may be required. Other actions, such as securing
pay-off judgments and the withdrawal of a spouse from the business entity
were also discussed.
“Small Business Issues in a Texas Divorce” will be available
from West LegalEdcenter until Saturday, August 27. For information on
the presentation and West LegalEdcenter, please visit
For a copy of the presentation from the webinar click here:Small Business Issues in a Texas Divorce presentation