Divorce And Business Valuation

When one or both spouses own a business, properly valuing the business for property division purposes can feel overwhelming. However, with the help of experienced legal counsel, it is possible to reach a fair and equitable agreement as part of your divorce decree.

We are attorneys in the Farmington Valley. Our practice is dedicated to family law and helping people through difficult times in their lives while preparing them for a new chapter in their story. If you are facing a divorce and a business is at stake, call us at 860-404-6134 to schedule an initial consultation to discuss your situation.

Understanding The True Value

On the surface, it seems as if it shouldn't be that difficult to properly perform a business valuation. While the value of stocks, yearly sales and profits are all useful in helping to assess the value of a business, there are other factors that need to be considered as well.

If the business is jointly owned between you and your soon to be ex, can it remain operational if one of you intends to step down? If your ex does step down, will someone need to be hired as a replacement? Did you build the business yourself prior to becoming married? These and other questions are vital to understanding the true value of a business, and to ensure that any business interests are divided equitably.

What Are Your Goals?

It is important to define your goals when it comes to business operations following a divorce. If you work with your spouse, will you be able to get along well enough to continue running the business? Would you rather divest your interest in order to get away from painful memories? When you meet with us, we can help identify your options so you can make the most informed decision at each step during this process.

Contact A Divorce Lawyer In Connecticut

We can help you reach a creative solution to all of the issues that may arise over the course of a divorce case. To schedule an initial consultation, call 860-404-6134 or contact us online.