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Our experienced and skilled attorney can resolve your family law problem and protect your interests. We can create a personalized legal strategy that represents you the way you want to be represented.
Business Valuation In Divorce
In theory, property division is a straightforward process. Any assets and debts acquired over the course of a marriage are subject to division. However, things become more complicated when assets that do not have a concrete monetary value, such as a business, are to be divided. Determining a proper value for a place of business is essential to achieving a fair property settlement.
At the Law Offices of Linda J. Claypool, our attorney has experience handling business valuation in divorce proceedings. To find out more, call 951-787-8700 or email us at ljc@officeljc.com
Business Values Often Go Beyond Financial Records
When making a business value determination, one has to go beyond what may be found on an accounting spreadsheet. The value of a business’s assets, goodwill and name recognition, the potential for growth and other factors must all be taken into account in order to develop a true picture of a company’s worth.
In addition, a proper and fair asset division plan may depend on what either party hopes to accomplish. Are you both desiring sole ownership of the business? If not, then one party may need to buy out the other party’s share. In other cases, divorcing couples may want nothing to do with the business whatsoever, and may wish to sell it off or close up shop. All of these factors need to be considered as part of your property division proceedings.
Contact Our Lawyer For Help With All Family Law Issues
We provide comprehensive family law services to people throughout Southern California. To schedule an appointment, call us at 951-787-8700. You may also contact us online.