- Timothy J. Conlon is an experienced divorce attorney in Providence, Rhode Island...
Providence Business Valuation Lawyer
Business Valuation in a Divorce
What is the family business worth? What is your husband or wife's interest in a business they run worth? What if your spouse claims an interest in your business?
The easy answer is that a business is worth what a buyer will pay for it - but in most divorces, there are no easy answers.
There may be no desire to sell the business, and indeed, it may be in everyone's interest to keep the business doing business.
Thus, there is a need for a fair business valuation for property division purposes, and a practical approach.
At our law firm, we work with you and your professionals to flesh out the reality of the business's value, and fashion a means for the parties to fairly and practically distribute that value within the family, even as the family is transitioning through divorce. What are the income streams? What are the potential tax liabilities and estate planning issues involved?
We will work directly with your business CPA and other financial experts to see that fair market value is determined accurately.
Working with financial professionals, our lawyers will examine and discuss with you various business valuation methodologies. We will assist in seeing that the necessary data used is obtained and that the valuation can be presented in court if need be.
Often, it is in the best interests of the parties and of the business that we work to fashion a practical, workable, cooperative reorganization effort that provides fair and equitable compensation.
Our divorce law firm has represented clients with marital and business interests in a wide range of fields, including family businesses, professional practices (attorneys, doctors, and dentists), telecommunications, mortgage and finance, real estate, and other closely held companies.
Business valuation can be a complex process. Our law firm has the experience it takes to gather the appropriate data and establish a fair business valuation. Contact us for an appointment to discuss your divorce and its impact on your business.