Obtaining An Accurate Business Valuation Is Critical
Most family-owned businesses and partnerships fall under the definition of community property, and must therefore be valued as part of the property division process.
Beyond that general rule, every case is different. Some couples want to see the business kept intact. Where the business predates the marriage, or is wholly owned and operated by one spouse, a breakout or buyout may be in order. Oftentimes, a cooperative reorganization results in the most satisfactory outcome. In some situations, couples are content to sell the business and divide the proceeds between them.
Whatever approach is taken, the valuation is a critical element in the division process. To that end, our lawyers work closely with clients to form a knowledgeable team that can reliably appraise this value.
Factors Involved In Business Valuation
We weigh every significant factor, including:
- The asset value of the business in the current market, whole or broken up and sold
- The asset’s value in relation to prospective earnings
- The status of the business (marital vs. nonmarital property)
- Contributions made to the business by either party prior to the marriage
- Contributions made to the business by both parties during the marriage
At Shulman Family Law Group, clients expect superior communications, unsurpassed expertise and professionalism in all that we do. Our reputation for effective work in property division and business valuation is a distinguishing feature of our firm.
Working with forensic experts and financial professionals, we examine and discuss a variety of business valuation methodologies, looking for the approach that is most advantageous to you.
We ensure that the data necessary for an optimal appraisal is available to the court.
Our clients include owners of retail businesses, restaurants and hospitality, manufacturing operations, consultancies, real estate businesses, professional practices (lawyers, accountants, physicians, dentists, etc.) and many other businesses.
We employ many of the same skills used in business valuation to value real property, retirement benefits, jewelry, horses, cars, art and other unique holdings.
Put Our Experience To Work For You
If your life assets are important to you, work with the most respected business valuation attorneys in Southern California. You are invited to call the lawyers at Shulman Family Law Group to discuss your legal problem at 818-222-0010, or contact us using this online form.