In Southern California family courts, a business owned by either spouse is going to be part of any property distribution settlement. This involves more than just looking at what kind of profits the business is bringing in and dividing it in half as every business has its own distinct tangible and intangible assets. It is important to know the actual worth of a business. Getting a true business valuation affects the process of property distribution, as well as other parts of the divorce settlement. The value of a business can be a factor in determining support payments, whether those be child or spousal, so it is essential to have an experienced divorce attorney help you navigate the business valuation process.
One of the important concerns when determining the value of a business is making a tactical decision regarding the date of the valuation. At our firm, we know how to help you navigate through the complexities of these decisions, whether it is choosing the date, finding the right experts, or more. We can help you to evaluate the business on your own terms while still making sure that the final valuation is acceptable to the courts.
If you are the primary owner of the business, it is important to make sure that the business is not overvalued, or you may end up giving up more than you should. If your spouse is the primary owner, you need to make sure that all income is correctly accounted for and that no property is hidden from the courts. No matter what side of business valuation you are on, we know how to make sure that your interests are fully protected.
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