How can my attorney help with my business valuation during divorce?

Family Law specialists with over 59 years of experience.

A business must be valued properly before it can be divided (if it is divided at all) in a divorce. Typically, a business is created or purchased while married or the business grows considerably while married so that most of it is considered marital property. A business owner needs a divorce attorney to help them adequately value the business. Many problems can crop up. One issue is deciding which method to use to value the business:

  • Book value: this considers the value of the business assets minus business liabilities
  • Comparable sales: this approach considers how much the company would get on the market by looking at how much equivalent businesses have sold for recently
  • Income approach: this approach relies on how much money the business can make for the owners

The approach used to value the business can impact the division of marital property depending on whether you consider the income streams generated by the business. It’s possible to value the business in a way that penalizes the person who ultimately takes the business in the divorce.

Your attorney can help you by finding an appropriate business valuation firm to perform the valuation. Your attorney can also help advise which method of valuation to use so that you protect as much of your assets as possible in a business owner divorce.

If you need to split the business, then your attorney can help you devise a method for buying out your ex-spouse’s share of the property. This might include coming up with structured payments or finding financing so you can offer a lump sum.

Client Reviews

Had free consultation. Advice given was taken, and resulted in change of mind in the other/opposing party. We therefore did not need to retain. Should opposing party resume original opinion, we will retain.

Kit

I was in a terrible custody dispute with my ex. I was very upset and afraid of my ex. Rodd listened to everything I said and remembered everything I said. He was aggressive in court and used the information I gave him very well. We won the case and my ex has backed off.

anonymous

I wanted an easy divorce from my wife. She wanted a fight. Rodd and I discussed fair terms for a dissolution. Because he was pro active and stayed on top of the case, my wife and I finally reached an agreement and had a dissolution. I highly recommend Rodd.

anonymous

I hired Linda Lawrence because I have a business and I wanted to protect it in my divorce. Linda is top notch and knows about business finance and assets. I was able to keep my business and not have to pay my wife anything from it. Hire her.

Linda

I hired Linda Lawrence because I needed an aggressive attorney. Linda was able to stand up against the other attorney and was very aggressive in court. It was an expensive divorce case, but that was because the other attorney was very aggressive and Linda was very thorough. I had great results in my case and highly recommend Linda.

Joy
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Our Practice Areas

Family Law

Attorneys for Divorce, Child Custody & More At the Lawrence Law Office, we are committed to helping families in conflict find creative solutions that focus on addressing their goals and...

Divorce

Columbus & Delaware, OH Divorce Lawyers In Ohio, there is more than one way to separate from your partner and dissolve your marriage. A divorce is typically a contested proceeding, with each side...

Contempt and
Enforcement and
Post divorce

When working through your divorce with an Ohio family law attorney, chances are your divorce agreement made allowances for child support. spousal support or

Business owner
divorce

Dividing the marital assets between divorcing people can be one of the most contentious issues during the entire divorce process. Ohio law allows the couple to work together with...

Child Custody

Dividing the marital assets between divorcing people can be one of the most contentious issues during the entire divorce process. Ohio law allows the couple to work together with...

High Asset
Divorce Cases

Helping With Child Custody, Visitation & Support Updates Or Modifications Sometimes circumstances substantially change after a divorce and require parents to revisit an existing...

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