Business Valuation Attorney In The Bay Area
When a couple goes through a divorce in California and one or both of the spouses are business owners, the business is one of the most valuable assets they possess. If the business needs to go through marital property division, then it is crucial to carry out a valuation.
Our lawyer at Teuschler Family Law P.C. is a board-certified family law attorney with over two decades of experience. When you turn to Katharine Teuschler, you will get a divorce lawyer who can offer insights and guidance and collaborate with the appropriate financial experts to determine how much the business is worth and how it should be divided under California law. Call for a confidential consultation.
Types Of Businesses Often Involved In A Divorce
If a business has increased in value during a marriage and only one spouse is the business owner, the other spouse may have a right to some of the financial assets related to that increase in value. Common businesses that are often involved include:
- Tech companies
- Startups
- Professional practices, such as a dentist’s office or a medical practice
- Manufacturing companies
- Retail locations
- Restaurants, cafes and bars
If both spouses are joint business owners, then the company is a marital asset that needs to be addressed in property division.
Why An Accurate Valuation Matters
An accurate valuation is important because it can have a drastic impact on property division, spousal support, standards of living after divorce and more. Undervaluing a business could mean that one spouse walks away from the divorce with far fewer assets than they truly deserve, while an overvaluation could mean that the spouse who keeps the business gives up other assets that they should’ve retained.
Potential Challenges In California Business Valuations
A proper business valuation can be difficult, often because it is subjective. Factors to consider include:
- The business’s reputation
- The financial structure
- Stock prices
- Projected growth
Furthermore, it’s necessary to determine whether the business qualifies as marital or separate property under California’s community property laws, which aim for an even split of marital assets.
Choose Teuschler Family Law P.C. For A Complex Divorce
With more than two decades of experience, our attorney adeptly handles high net worth divorce cases, carrying out business valuations in divorce and addressing other valuable assets, such as retirement funds, investments and real estate.
Her experience will enable her to provide guidance and fight for your rights. Call 408-831-7300 or use the online contact form to set up your initial consultation with our Bay Area divorce attorney.