Pennsylvania Business Valuation Lawyer
With an impending divorce looming over your head and a business you have to protect, working with a business valuation attorney in Pennsylvania could be your best shot at preserving the assets that are rightfully yours.
As a business owner, you will probably be concerned with what will happen to your business if or when your marriage dissolves. Unfortunately, as part of a married couple, any assets you acquired for the duration of your marriage are considered marital property, and as such, they will need to be equitably divided upon your divorce.
When your divorce is volatile, you will need to take steps to protect your business, especially if you don’t have a prenuptial agreement in place.
A Pennsylvania business valuation lawyer at Lisa Marie Vari & Associates, P.C. can help ensure that you are not taken advantage of by an angry spouse who wants to take as much as they can in your divorce. We will determine how much your business and assets are worth so your soon-to-be ex only receives their fair share, and not a penny more.
How to Calculate the Value of Your Business
As part of the equitable distribution process, your attorney will be looking at not just the value of your property and high-priced personal belongings, but also the value of your business. The first step is determining what the fair market value of your business is. This means that if you were to sell it as-is, right now, the fair market value is what you would list your business’ price at.
From there, we place a monetary value on the items that you have to conduct business. This might include computers, large equipment, high-priced smaller items, and various office supplies. We will also figure out how much revenue your business is bringing in, as the more money you make, the greater value your business holds.
There is much that goes into calculating the value of a business, and when you are preparing to finalize your divorce, these numbers are critical to the outcome of the entire equitable distribution process. As such, you should reach out to a qualified business valuation attorney who can ensure that you obtain the share you are entitled to.
The Division of Your Business Assets and Debts When You Divorce
As previously stated, Pennsylvania is an equitable distribution state, and while that does mean that your marital assets, property, and debts will be divided fairly, that does not mean that they will be divided right down the middle.
With this in mind, in most cases, whether you want to retain ownership of the business or simply come away with your fair share of the profits, you should do everything possible to come to a resolution with your former spouse so that the court system does not have to step in and decide on your behalf.
Contact a Business Valuation Attorney in Pennsylvania
For assistance with all of your divorce and equitable distribution needs, reach out to a seasoned Pennsylvania business valuation lawyer at Lisa Marie Vari & Associates, P.C. As soon as you schedule your initial consultation, we can begin working on your case. Just submit the online contact form we have provided at the bottom of this page or call our firm at 1-844-VARI-LAW (827-4529).