For Divorce Settlements
You don’t get a second chance
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. A business valuation for a divorce settlement 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 of the asset.
Tip: Don’t be Penny-wise and pound-foolish. In most of our cases, 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 certified valuator.
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.