If you are facing a contested divorce and you are not sure what will happen to your business, it is important to have an accurate valuation of the business in order to properly determine the division of property. You should consult with a valuation professional, please note that an experienced divorce attorney will provide this resource, especially if one or more of the following situations exist:
- One or both parties do not have an idea of the value of the company or their ownership interest.
- The parties do not agree on the value of the business interest.
- The business interest makes up a significant portion of the community estate.
- there is a personal good will value in the company.
- There has been a recent change in the company’s performance (e.g. declining revenues or profits, reduced distributions).
