Business and Divorce
Orlando Attorneys for Business Divorce
Businesses created during a marriage are a marital asset subject to equitable distribution. However, unlike a bank account or even a piece of real property, there are complex issues concerning the valuation of businesses. Besides the company’s assets such as property and furniture (sticks and bricks) other value can exist including good will value. When determining the value of the business for equitable distribution purposes it will be imperative to secure the opinion of an expert qualified to provide testimony on business valuation. At the same time, the expert should provide an analysis of any life expenses absorbed by the business to reach a truly reflective picture of what the business owner spouse’s income is besides salary, bonus and distributions. In essence the real value of the business is an opinion as to what a bona fide buyer would pay for the business.