Determining A Businesses Value In Divorce
When a marriage dissolves in California, each party has a right to his/her one-half of marital property, as well as an obligation to marital debt. One area of potential dispute is how to determine the value of a business during divorce, including assessing business assets, profits, and interests that were accumulated during the marriage. Determining the value of a business can be come particularly difficult when one party manages the business, and may not always be honest about the business’s value. When contending with property matters and divorce in general, it is imperative that your legal rights, as well as financial interests, are protected by retaining an experienced divorce lawyer.
Designating A Dollar Amount To The Business
Assigning a dollar amount to your business is a complex process. This can include bringing in subject matter experts such as accountants, financial planners, and tax specialist to arrive at the most accurate valuation of your business. When determining the value of your business during a divorce, nothing is left to chance. All aspects of the business will be examined in-depth including:
- Tax information
- Financial records
- Balance sheets
- Equipment lists
- Real estate
- Intellectual property
- Spouse’s participation
How A Los Angeles Divorce Attorney Can Help You
At The Law Offices of Atousa Saei we routinely help Southern California residents who are facing divorce. To make sure your rights, and financial interests, are protected call The Law Offices of Atousa Saei today at (310) 855-3386. We possess many years experience helping those enduring difficult family law issues in the Los Angeles, Santa Monica and Long Beach areas and also offer free consultations.