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A company that you, your spouse or both of you own, like any other marital asset, is subject to division in the divorce settlement. If the business is considered marital property, determining its value is the next step. Value may be based on historical income generation, future ability to generate income, assets held, or liquidation value. Not all businesses are valued using the same method.
Because establishing the value of a business is incredibly complex, and varies from state to state, the best practice is typically to have a formal business valuation be completed by a Certified Valuation Analyst or other accredited business valuation expert.
With a combined 30 years in family law, the attorneys at Jones Family Law Group, LLC, are highly experienced in working with business owners going through divorce. We can provide the legal guidance you need.
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