Atlanta Business Valuation Attorneys
Protecting Your Business & Best Interests
If you own a business, you may be concerned about how filing for divorce could impact your enterprise. Understanding the business valuation process in Atlanta can help you get ahead of the curve.
Harmon Caldwell and his team understand how to help clients protect valuable investments and companies during property division.
How Will My Business Factor into Property Division?
Depending on the circumstances of your divorce, your business may also factor into the property division process as marital property. Even though the business may be titled in one spouse's name, most of the time the business will be considered a marital asset subject to the rules of equitable division. As such preventing the divorce from impacting an ongoing business can be a difficult challenge. Harmon Caldwell and his team have seen this situation on many occasions and can help you work through this significant issue.
How Does business Valuation Work in GA?
If a business is marital property, the business would be valued by experts and then distributed to one of the parties or could be sold. This process is called business valuation.
Typically, business valuation looks something like this:
- Both parties hire a financial professional (or professionals, depending on the size of the enterprise) specializing in asset valuation. These individuals then provide their clients with an estimate of how much they think the business is worth after accounting for tangible and intangible assets, liabilities, property, etc.
- The parties then meet and negotiate on a value for the business using the information provided by their respective valuation analysts.
- The parties can agree on the valuation and if they cannot, then they can try the valuation issue to the court.
How Are Businesses Distributed?
When it comes to distributing a business, courts usually give parties two options, including:
- One party buys the other out, and retains control of the business thereafter OR
- The parties agree to sell the business and equitably distribute the proceeds
We'll work with you to ensure you pursue an outcome that reflects the work and effort you put into your business. You can trust us to effectively and empathetically advocate for your rights and help you protect your enterprise.