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Ladd Hirsch is a solution-oriented trial attorney with more than 30 years of experience representing companies and high net worth business clients in complex litigation cases and arbitration matters. Ladd has focused a significant portion of his practice on handling business divorce disputes and related litigation for majority owners and minority investors in substantial private Texas companies. In these matters, Ladd files and defends claims against fiduciaries (officers, directors, managers, general partners and trustees), including claims for breach of fiduciary duty, breach of the entity governance documents and shareholder derivative claims. In his practice, he regularly works with family law attorneys and their clients to assist them with a wide variety of business and complex property issues that arise in family law proceedings.

Following a challenging year for business owners, the time to decompress and celebrate with family and friends this holiday season provided a necessary respite. When business resumes, however, there are important action items for majority owners to consider implementing in the new year. This post reviews several steps business owners can take to position the

Divorcing spouses often have a number of business issues to resolve, but one key aspect that is often overlooked takes place when divorce settlements involve the division of an ownership interest in a private company.  Typically, the business is not a party to the divorce, but the absence of the company as a named party