Protect Your Business in a Divorce
During divorce proceedings, determination of business assets are important, but many times an exact estimate of spouse’s business is overlooked by the other. Usually, Divorce and Business do not go hand in hand. As a result, business income or assets remain hidden during divorce procedure. When a divorcing couple jointly owns a family business, divorce can cause severe financial implications for each spouse and the company. An exhaustive evaluation is done to help the client discover the true value of all properties including land, business, fixed deposits & shares to present to the family courts. A secured equal share is given to you in all properties acquired by your spouse. To ensure that no asset goes amiss everything is well-documented for an ideal settlement of all business assets. We guide you to protect your business whether it is an individual property or marital property. When the divorcing spouses operate a business together through partnership, shareholder, and operating agreements, then our business experts vet through such agreements and evaluate if proper provisions are included in the case of a divorce. Minimize the stress and cost associated with divorce by availing expert advice, guidance, and support at an early stage of the divorce process.
Deciding the Value of a Business
In preparing a business valuation, the expert will examine the financial records of the business, including:
- Profit and loss statements over a certain period of time;
- Assets, such as equipment, inventory and real property;
- Cash flow;
- Overhead; and
- Customer good will.
Business Valuation Services in Divorce
We provide a comprehensive business valuation for divorce cases to determine the equitable distribution of marital assets. As a business appraiser, we provide expert opinion to help the court come to a conclusion of the business value based on fair market value and fair value. The income approach is another method for business valuation. Our divorce law specialists explain the divorce process thoroughly to enable the divorcing couple to reach amicable agreements and reduce the cost, time, and stress involved in the divorce proceedings. Get the assistance of a forensic accountant in the case of any suspicion of fraud; we help you uncover a profile of the marital unit and interview each spouse then conduct a thorough investigation into the alleged fraud.