Business Valuation

Attorneys Helping With Business Valuation in a Divorce

Asset and property division is one of the most difficult issues in a divorce or legal separation. This is especially true if one or both parties owns a business or has significant shares in a business.

The most important thing to consider is the true value of the business. Only after the business valuation is complete can a family law court or couple make an equitable property division plan.

At Kearney Baker, we help clients in Pasadena, California, and throughout the area, understand the legal details of business valuation and asset protection. We assist them in making decisions that will benefit them now and in the future. Contact our office today to schedule a consultation.

Timing of Business Valuation

The timing of business valuation is extremely important and depends on a variety of factors. For example, if you are the business owner and your business is going down in value, you want it valued on the date of trial. If it is going up in value, you want it valued on the date of separation. The reverse is true if you do not own the business.

In another example, if it is a personal service business, the best option may be to value it at the date of separation. If it is another type of business, valuing at the date of trial may be better.

Choosing when to value a business is not always a clear-cut decision. When dealing with asset protection issues, we select a forensic accountant and work with him or her to thoroughly analyze the situation. Our ultimate goal is to value it on the date that most benefits your asset division interests.

Get the Advice You Need Today

To learn more about protecting your business during a divorce, contact the lawyers of Kearney Baker. We have handled several business valuation issues for family business owners and their spouses. We can help you too.