Properly valuing a business is critical in property division in a divorce, especially as different types of businesses present different valuation challenges. A business selling a product or services that may be less dependent upon the skills of a specific person may be easier to value than a professional practice, such as a medical practice, where the value of the business is highly or wholly dependent upon the skills of a specific person.
When needed, we will work with experts such as accountants and appraisers to properly value a business. The three main business valuation models include an income valuation (i.e., the present value of future net income), a market-based valuation (i.e., what the business could be sold for), and an asset-based valuation (i.e., the net value of the business assets).