Accurately Valuing and Dividing Businesses in Divorce
The process of dividing businesses or professional practices in divorce is riddled with nuances and intricacies and requires the services of an experienced divorce attorney in order to ensure you receive your equitable share of the business’ value.
At the Law Office of Samuel E. Thomas, our Gwinnett business division lawyer works with business owners, many types of professionals, and their spouses to find ways to equitably divide business interests. When Samuel E. Thomas represents you, you gain the peace of mind that comes from knowing an experienced attorney is working on your case at all times.
That means although your ex-spouse’s business wasn’t formed during the marriage, if you contributed to increasing that business in any terms, with proper legal assistance, you can get a 50% share of that business.
After the business has been deemed marital property, the court moves to assign it a value. One of three methods might be used for such purposes: capitalized earning method, market approach method, or cost approach method.
Our lawyers are well-connected with accountants and business valuators that can help you assess the correct values of the assets. These professionals can provide the court with facts and figures that can remove any uncertainty regarding an asset’s value.
Once the value has been assigned, the presiding judge may advise several methods for the division. Business doesn’t need to be split in half, but the business interests. That means you can buy your ex-spouse’s share and still keep the ownership of the business.
Division of Georgia Businesses
We utilize an extensive network of forensic accountants, financial experts, and tax professionals to offer our clients comprehensive representation that encompasses all legal issues that arise when a business is divided. This includes addressing issues related to business valuation, location of business assets, debt allocation, tax consequences (both business and personal) and all other matters associated with business division and high net worth divorce.
- High-technology companies
- Service industry businesses
- Physician groups
- Medical and chiropractic practices
- Legal practices
- Livestock and agricultural companies
- Real estate developers
Our individually crafted strategies and well-honed legal skills make us especially adept at sorting through the issues that affect closely held family businesses during a divorce.