Businesses come in all varieties. Whether sole proprietorships, partnerships or corporations one party’s business can be one of the most valuable assets in a marital estate. They can also be a source of great accomplishment to both parties in the marriage in cases of co-owned businesses. This makes the process of valuing and dividing a business interest in divorce especially important.
Strategies to value a business go beyond simply counting revenue generated. The methods for valuing a business are highly fact specific and may often require expert consultation. Working with an experienced family law attorney can help a divorce litigant better understand the process of valuing a business and better connect them with expert resources to use in the process.
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