February 03 , 2021
Going through a divorce can be difficult enough, but when a small business is involved, the details can become even more complex. The team at Burns Valuation helps clients navigate through the challenges of divorce settlements by offering a quality appraisal of businesses. Are you unsure how to properly divide your assets? Here are some of the most important factors to consider when appraising your small business during a divorce.
The first step is to determine the value of your entire business, which can often require professional insight and financial expertise. During times of change, assets can be put at risk, particularly during divorce proceedings. It is important that a variety of factors are analyzed in order to create a true valuation of your small business. Personal income, financial assets, current market conditions, real estate holdings and company earnings may influence the company’s total value. This stage of the process is essential to ensuring appropriate distribution.
Next, the two parties must come to an agreement about how the assets of the business should be managed or allocated following the divorce. This can be very challenging for some, and this stage frequently requires professional mediation, litigation or consulting. Lifestyle factors, projected cash flow, overall net worth, division of property, stock options, pensions and other important details will need to be considered in order to avoid financial pitfalls, tax issues and other common problems. Having an objective, third-party present during discussions can help facilitate solutions that can mitigate losses and ensure amicable relationships in the coming years.
One challenging aspect of asset distribution during a divorce is real estate management. Individuals may need to plan for equity sales or acquire a new property. It is important to have an understanding of the real estate market in your area, in order to have an accurate assessment of the value of your residential and commercial properties. You will need to develop various solutions and strategies that will work best for your unique circumstances.
Finally, the divorce proceedings itself may become overwhelming. Having a professional valuation company by your side can be extremely beneficial, because they can help with certain aspects of the process. Whether you need assistance with affidavit or QDRO preparation, or require an expert witness for financial matters, having someone with experience can make it easier for all parties involved to move forward smoothly.
Are you in need of a professional business valuation during a divorce? Then reach out to the experienced professionals at Burns Valuation. We provide a wide selection of essential services that can help you reach your goals including pre-filing, discovery, litigation, mediation, negotiation, post decree planning, investment analysis, real estate holdings examinations and more. We provide valuation services for clients in Atlanta, Sandy Springs, Canton, Milton, Alpharetta, Duluth, Georgia and surrounding metro area communities. Speak with our friendly, knowledgeable staff for more information about business valuation, divorce and legal assistance, transaction advisory services or exit planning. Our specialists are always available to address any questions or concerns you may have. Contact our office to learn more or to schedule an appointment for your free 30 minute consultation.