by Flora Garcia-Sepulveda

Business ValuationJanuary 7, 20250 comments 0 Likes

Accurate Business Valuation: Why You Need a Divorce Attorney

Ending a marriage is never easy — it’s a decision that comes with emotional and financial challenges. If one or both parties own a business, getting an accurate business valuation is key to ensuring a fair division of assets. A divorce attorney can provide guidance through this complex process in the state of California.

At WGS Law, we understand the importance of an accurate business valuation in a divorce. Ready to take the first step? Call today and book a consultation with an attorney. We’re here to help you move forward with confidence.

How does a business valuation work?

A business valuation is a process that determines the fair market value of a business. It involves analyzing the company’s financial statements, assets and liabilities, industry trends, competition, and growth potential. Depending on the size and complexity of the business, different methods may be used to determine this value.

Why is it important to have an accurate business valuation in a divorce?

In a divorce, marital assets are generally divided evenly between both parties. This may include any businesses owned by either spouse. Without an accurate valuation, there is no way to ensure a fair distribution of assets. Inaccurate or incomplete valuations can lead to disputes and potentially costly legal battles.

Why should you hire a divorce attorney for business valuations?

When dealing with divorce, especially when a business is involved, having a skilled attorney can make all the difference. Here’s how they can help:

• Unbiased assessments: An attorney can provide an objective and unbiased evaluation of the business without any emotional attachment.
• Knowledge of state laws: Divorce laws vary by state, and a divorce attorney will have knowledge of the specific laws in California regarding valuations.
• Access to top financial experts: An attorney may work with financial experts such as a certified public accountant (CPA) who is accredited in business valuation.
• Negotiation skills: If there are disputes over the value of the business, an attorney can try to reach a fair settlement through negotiation.

What if you and your spouse own the business together?

In cases where both parties are co-owners of a business, the valuation process can become more complicated. A divorce attorney can help navigate through this situation by examining any existing shareholder agreements, partnership agreements, or buy-sell agreements to determine how the business should be divided in the divorce.

Why work with WGS Law?

Why choose WGS Law for your divorce and business valuation needs? Here’s what sets us apart:

• Experienced attorneys: Our seasoned legal team knows the ins and outs of even the most complex divorce cases.
• Tailored strategies: No two cases are the same, and neither are our solutions. We’ll work with you to create a plan that aligns with your unique needs and goals.
• Streamlined process: Divorce is tough — and we’re here to make the process as smooth as possible. Our focus is on achieving a fair settlement quickly, saving you time, money, and stress.

Contact our legal team

At WGS Law, our experienced divorce attorneys are well-versed in business valuations. We understand the complexities involved and will work diligently to ensure that your interests are protected. Call now to book a consultation and take the first step towards a brighter future.