Arizona Business Valuations and Appraisals
In a divorce with considerable assets, including business assets, couples must consider how the business will be divided. The proper valuation and appraisal of business assets is crucial in order to determine that you receive a fair and equitable share of the business at the time of asset distribution. An experienced family law firm can assist you with business valuation and the equitable division of assets.
At The Baker Law Firm, LLC, our divorce and family law attorneys have experience working with clients to identify all marital assets and debts, including business assets. We work with financial and commercial experts to help our clients obtain the fair settlements that they deserve in the divorce process. If you are facing a divorce, take action now to protect your rights. In some cases, an outside business evaluation company will be hired to conduct an evaluation of the value of the business so that an accurate assessment is available for the parties and Court to determine what share each spouse shall ultimately receive.
Contact us at our office in Phoenix to schedule an initial consultation. Either send us an e-mail to get your questions answered.
Valuation of Business Assets and Debts
With any family-owned or closely held business, the first step is to review any bylaws, partnerships or shareholder agreements that outline how the business should be divided upon divorce. Once that is done, our firm will review your business for information regarding:
- Stock issuance
- Financial documentation
- Monthly cash flow statements
- Existing inventory
- Corporate tax returns
- Officers and shareholders
- Listing of debtors and creditors
It is important to begin the discovery process as soon as possible to prevent a spouse from moving funds or removing money from the business.
Take Action to Protect Your Business Interests
If your divorce involves the division of business property, contact us at The Baker Law Firm, LLC and work with an experienced family law attorney in your case. Call our Arizona office at 602-842-0359 to schedule an appointment.