When negotiating a divorce settlement, the future of your business will likely be your main concern.
To conduct the process smoothly with no disputes along the way, arrange a business valuation. A professional business valuer or a reputable business transfer agent, also known as a business broker, can calculate how much your business is worth. To calculate the value of a portion of the business, a full valuation of the business will often be required.
The value of a business fluctuates based on the trading climate, such as Covid-19 and Brexit, so it’s essential to negotiate a divorce settlement based on an up-to-date valuation of the business.
If a spouse exits the business upon divorce, the business valuation will help round up how much their shares in the business are worth and indicate if the transfer of any business assets is required.