A Look At Business Valuations During Divorce
Businesses aren’t immune to the financial toll of divorce. If you or your spouse owns a business, you will have to confront difficult questions regarding how to account for it during divorce.
One of the most important questions is how to fairly value the business. Without a proper valuation, it’s impossible to determine how to divide the business — whether that means literally splitting it or offsetting its value with other property.
What’s Involved In Placing A Dollar Amount On Your Business?
Putting a price tag on a business is no easy task. A realistic valuation must take into account a wide variety of factors, including:
- Actual income and expenses
- Earning capacity
- Assets and depreciation
- Comparable businesses
- Trademarks, trade secrets and other intellectual property
To protect your interests, it’s important to work with a lawyer who understands these issues, particularly if you are a high-income earner in the throes of divorce.
We’ll Help You Get Your Fair Share
If your divorce involves a family-owned business, professional practice or any other type of business interest, contact our legal team at Terri Herron Law to discuss your rights. We’ll enlist the expertise of trusted accounting professionals to obtain a fair and accurate business valuation. Then, we’ll use that valuation to make a compelling case for you, whether in court or in settlement negotiations.
You’ve likely made countless sacrifices to help the business succeed, either through direct, hands-on effort or indirectly by shouldering more of the household responsibilities. We’ll work hard to make sure you receive your fair share.
Protect Your Assets With Help From Our Team
Property division can be a complex part of any divorce, especially in cases of business ownership. Let our skilled family law attorney walk you through the process and make sure your best interests are protected from beginning to end.
For more information, call our main office in Roswell, Georgia, at 404-692-6487. If it’s more convenient, you may also send us an email with a brief description of your case and needs. Evening and weekend appointments are also available at any of our five office locations, including those in Atlanta, Marietta, Duluth and Snellville.