The divorce process involves a financial separation as well as an emotional one. Which assets will you own following the divorce, and which will be held by your former spouse?
If your business is a primary source of income for you and your spouse, it may not make financial sense to sell or liquidate it. Valuing your business in these circumstances is complex and likely to involve appraisals, income projections, and significant analysis on the part of your respective accountants. Determining the most appropriate course of action will, in all likelihood, require extensive negotiation–but in the case of a successful business, the effort can be well worth it.
At Thacker Sleight, we have a proven track record of successful resolution of financial matters, including business valuation, helping people move on with their lives.
Contact us at 616.888.3810 to schedule an appointment with one of our experienced family law attorneys to assist you with your business valuation.