Business Valuation in Divorce
Divorce can be complicated without adding a business into the mix. If you own a small business, a family-owned business, or are a professional with an LLP or PLLC, let us help you understand how a divorce will impact your business interests. The valuation of businesses is a complicated process, but we are here to simplify it for you, and ensure that you understand your options.
Whether one spouse owns the business and the other spouse is an employee, whether both spouses own the business together, or whether one spouse owns the business while the other is employed elsewhere will make a big difference in how the court allocates the business interest.
A valuation of your business involves an appraisal. Certified business appraisers typically use a combination of methods to determine a business value, including recent sale comparisons, tangible assets and a metric based on business profitability. They will consider the business assets, profits, good will, cash on hand, real property, debts, value of clientele, and much more.
We routinely work with the top business appraisers in the Twin Cities. They will want examine records, books, tax returns, and more, in generating a business value. Although some wish to work with their own account to value a business, you will need a qualified business appraiser to determine the net assets of your business, relying on both tangible and intangible assets.
Always A Free Consultation
Dealing with the aftermath of a divorce can be difficult – especially if you own a business. We have substantial experience in dealing with business interests and divorce. Have additional questions? Contact the Brown Law Offices, P.A. today. We offer free consultations to all potential clients. Call (763) 323-6555, or complete our free case evaluation form.