Business Valuation in Divorce
When a divorce involves a closely-held business or a family business, there are certain issues that must be carefully considered. You may be focused on making sure the business survives the divorce — without losing important business contacts. Or, you may want to completely remove yourself from the business by dissolving and splitting the assets equitably.
At Shemtob Draganosky Taylor, our attorneys have extensive experience handling complex divorces in Pennsylvania. We are available to assist clients with obtaining proper business valuations and related marital property issues. Contact us to schedule an initial consultation.
Value Your Business and Your Business Interests
A proper business valuation entails much more than just obtaining the fair market value of a business. A variety of other complex legal issues must also be fully addressed. We work with experts who are able to identify these complex issues and find answers to the following questions:
- Was the business brought into the marriage by one spouse?
- What roles did each spouse play in the business?
- How are business interests documented?
- Did one spouse play a more active role in the business?
- Are there other business partners or professionals with a partial interest in the business?
- Was the business handed down as inheritance to one spouse?
- Is the business marital property and therefore subject to property division?
In accordance with Pennsylvania’s equitable distribution laws, only assets which are classified as marital property are subject to division. If the business is deemed to be the separate property of one spouse, a business valuation may not be necessary. Our divorce lawyers can assist you with these difficult issues.
For assistance with a divorce involving significant assets or business interests, contact the attorneys at Shemtob Draganosky Taylor, in Blue Bell, Pennsylvania.
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