San Antonio Business Valuation Lawyers
When divorcing spouses own a business, either a portion or all of that business is subject to division in the divorce process. This stipulation is a source of anxiety for many dedicated business owners because it introduces the possibility of losing ownership shares or sacrificing some control of the business that they poured their time, money, and energy into building. These fears are understandable, and we believe it is important to protect your interests in the face of divorce.
At the law firm of Higdon, Hardy & Zuflacht, we understand that the division of business assets is a major concern for any business owner. It is crucial for an owner and their divorcing spouse to retain control over how their business is divided so the decision is not left in the hands of the court. As a business is the source of livelihood for many former spouses, enlisting knowledgeable help when accurately appraising your business is invaluable. Our skilled business valuation lawyers have helped clients all over South Texas with the division of their businesses and have an extensive background in business division and meticulous appraisal. Our legal team works diligently to ensure we achieve the most optimal outcome that benefits the interests of our clients.
Factors in Valuing a Business
If the business was established before marriage, the amount up for division depends on how much the business increased in value since the start of the marriage. However, if the business was started during marriage, the entirety of it is considered part of the marital assets subject to division. Businesses are valued based on:
- What the business owns
- What the business owes
- The business’ income
- The method used to determine the value
- The valuation date
This process involves many complex factors that require comprehensive business knowledge on matters such as tangible and intangible property, the value of intellectual property, and which method of valuation would best serve your interests.
Contact a Business Valuation Attorney
Divorce presents many challenges, but knowing what to expect when dividing your business’ assets can reduce the stress of the process and help both spouses come to an amicable solution. At Higdon, Hardy & Zuflacht, our business division attorneys work to ensure we resolve these matters in a way that protects the interests of all parties involved. Don’t hesitate to contact our San Antonio offices by calling (210) 306-4471 to speak to a member of our legal team about the concerns you may have about your business division and valuation.