Valuation of Family Businesses
Granite Bay Divorce Lawyers – (916) 634-0067
Do you manage or run a business with your spouse but are now staring down a
divorce filing? You will soon be dealing with one of the most
complex forms of asset division with arguably the highest stakes: your wellbeing and namesake. To ensure
you are treated properly and your business is respected during the
division of community property, you should retain the services of Myers Family Law.
People love to work with our Granite Bay
family lawyers because:
- We have 30+ years of combined legal experience.
We focus exclusively on
family law disputes.
- We are led by a Certified Family Law Specialist by the California Bar.
Past clients have given us high praise in
low-cost consultation with our team? Call (916) 634-0067 today.
Special Considerations When Valuating Your Family Business
What is your family business actually worth? How much of that final value
do you deserve, or does your soon-to-be ex-spouse not deserve? Looking
at typical profits or income taken home at the end of a fiscal year is
not enough to truly valuate a business. You must consider all facets and
how they play a part in giving the company value.
Consider these aspects of your family business that are not easily marked
with a price tag:
- Uniqueness of product or service
- Size of customer base
- Ability to defeat competition
- Business location (convenience)
- Skillset of employees
More tangible valuables must also be considered. Everything from the cost
of the equipment used at your business to total value of stock shares
plays a part in your business valuation and the ultimate value of your
company. Allowing a professional to assist with your bookkeeping during
divorce lets you know the valuation is accurate and fair.
Business Debt in Divorce – Who Takes It?
It is entirely feasible for a family business to be worth a negative value.
Companies struggling with debt still need to be considered for community
property division, and so you could be saddled with debt if you get a
part of your family business. Our Granite Bay divorce attorneys are staunch
defenders of your rights and best interests. If you should not be held
accountable for the negative value of your business, you can be confident
that we will do everything in our power to keep that asset out of your
hands by the time your divorce is finished.
Low-Cost Initial Consultations are Available – Call (916) 634-0067
Beginning down the right path towards a better tomorrow starts with retaining
the services of our Granite Bay divorce attorneys. We can manage every
aspect of your family law dispute, including complex business valuations.
Contact us at your first opportunity and we can let you know what to do next to protect
your business from your spouse in a divorce.