Property division is part of every divorce. In some it is more complicated than in others. If you own part or all of a business, your spouse may have a right to part of its value upon divorce. What is the value?
Unlike publicly owned companies, a family-owned business's value cannot be determined by the number and price of shares of stock. The market value may be determined in other ways. The book value is the value of all assets held by the company, less accumulated depreciation.
At the law office of Daniel M. Copeland, Attorney at Law, our firm utilizes experts such as accountants and business brokers to determine the value of a business.
The next step in the process is to determine whether it is marital property, and your spouse has any right to part of this value. The current economic recession has drastically affected the value of businesses, including the real property they own and use.
Business Valuation Lawyers in Jacksonville
Dealing with business valuation can be complex. Our firm thoroughly knows business valuation. Also, our goal is to confidently protect your best interests. Our attorneys strongly consider themselves problem solvers. We utilize our experience as lawyers throughout the course of counseling and guiding clients through the process of business valuation.
By examining all aspects of the situation, we are better prepared and have an increased ability to determine the best way in which to see that your interests are protected. This is important to consider when deciding on a course of action to take when seeking a resolution to the case.
Contact us for a free consultation. During this time, a member of our firm can assess your case and determine the best way in which to pursue a resolution that is in your best interests.
For help with your family law matter, contact our Jacksonville office today at 904-482-0616 to schedule an appointment at our firm. We will work to protect you and your family's rights and interests.