For Divorce Situations
You don’t get a second change
in equitable distribution.
Get valuation right.
Business Appraisal in Divorce proceedings
When business owner couples pursue a divorce, the business is often the largest marital asset. The situation is often complicated by the fact that, as a privately held entity, there is no readily available market pricing for the shares. Using a valuation expert to appraise the business is often the only way to get an accurate value for the asset.
Tip: Don’t be Penny-wise and pound-foolish. In most cases we work on the business is the largest asset in the marital estate. Avoiding the expense of a business valuation creates a cloud of uncertainty when it comes to the division of assets.
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Contested vs. Collaborative
Quantive works in both contested scenarios and collaborative divorce proceedings. In contested proceedings it is common for both sides to hire their own appraiser. In a collaborative proceeding both parties will often agree on the selection of a single appraiser.
Goodwill and its Impact on Value
Goodwill (sometimes referred to as “blue sky”) is the value attributed to the intangible assets of the business. These may include the name, the location, intellectual property, customer lists, etc. In divorce situations, depending on your state, we may be asked to allocate a portion of the overall value to “personal goodwill” – or the value that is directly attributable to a working shareholder. Be sure to discuss this in advance with your appraiser.
Concepts to Understand
There’s a lot to learn. Here’s our Cliff Notes version.
Business Valuation Concepts for Divorce
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