Among the many stressful and time-consuming tasks that must take place at the time of a divorce, a business valuation is one of the most important. If you’re involved in a divorce, or know you will be soon, and either you or your spouse own a business, it’s very important to work with an experienced divorce attorney who understands business valuation.
A business valuation consists of establishing an accurate value of any and all businesses owned or partially owned by either spouse involved in the divorce. Without this valuation, the distribution of the assets of the business can be left up to the courts.
A proper business valuation will be able to show if a business was created before, during or after the marriage, if it should be considered marital property and how it could potentially divided equally. From there, your divorce attorney will be able to discuss options with you including indemnification or lump sum trades.
Mesa Family Attorney Brad Crider has extensive experience in successful divorce proceedings that include business valuations. He brings his background and an undergrad degree in business and numbers to ensure his clients see the best possible outcome. Brad is an excellent advocate to have in your corner as you face a divorce where there is at least one or more businesses owned by you or your spouse.
The valuation and division of marital property at the time of a divorce can be one of the most contentious and difficult aspects for those involved. You can avoid any unneeded stress by coming to the table prepared and knowledgeable. Let the experts at Crider Law put their experience to work for you.
Call us today for a free consultation regarding divorce proceedings that include business valuation.