Business Valuations During The Divorce Process
Professionals — including business owners, lawyers and medical professionals — may face issues involving the valuation of their practice or business interest. Self-employed professionals and business owners face unique tax issues that are not ordinarily present in a divorce. A personal service practice may need to be appraised and a determination made about whether that practice has any “goodwill” that will need to be valued. It is important to understand what is divisible in these cases.
Another issue is the potential for “double dipping” by the non-owner spouse. It is important to determine the business owner’s income by taking into account that there can be a wide variation in the business revenue. Our attorneys understand balance sheets, profit and loss statements, and the business valuation process.
Other issues to consider include:
- Shareholder loans
- Partnership and shareholder agreements
- Buy-sell agreements
- Tax consequences
All of these factors affect business value and must be considered. If you are working through a divorce and own a business, a skilled lawyer is essential.
Let Our Law Firm Assist You In Hillsboro, Portland Or Beyond
Because our lawyers have more than 20 years of family law experience in high-asset divorce cases, we are experienced in handling all business valuation issues. Regardless of complexity, we are ready to bring our experience and work with forensic experts when necessary to protect your financial interests and well-being.
Contact Us Today
To speak with a business valuation attorney in Beaverton or Portland about an important family law matter in Hillsboro, Washington County or nearby, please call our office at 503-388-4779 or contact us by email.