Ventura Complex Business Evaluation
Complex Assets Divorce Mediation
Evaluating a business is an extremely complex issue, especially in the confines of family law. Many proceedings require each party’s full participation when it comes to outlining the finances that have and will result in the continuing business. In addition, the value of one’s business can determine an individual’s net-worth changing the possible value of any agreement that stems from separation in any capacity.
A family’s business is quite likely the largest asset that any individual or couple would own and it is important that it is treated with the appropriate amount of importance. As a business owner, it is your responsibility to hire a qualified attorney to handle your business’ evaluation. An improper evaluation of a business can lead to more money and more time wasted in the long run, but more importantly, it can also lead to the loss of a business that one might not want to liquidate.
Why Do I Need My Business Evaluated?
It is important to note that business evaluations are not always done for the purposes of family law, however. Many other reasons exist that would warrant an evaluation, such as: a shareholder dispute, tax purposes, or a breach of contract.
When a business is valuated, there is a large consideration taken into the “goodwill” of the business. Goodwill is most often defined, for tax purposes, as revealing the reality of the business’ current and future patronage (community support). This patronage is the likelihood that the business will continue to grow in thanks to its continuing and ever-expanding client base.
This has large and far-reaching consequences on the appropriate evaluation of a business. Regardless, if disputes steam from divorce, shareholders, or any other legal matter, the wrong evaluation could result in terrible consequences.
Attorneys to Help You Evaluate Your Business in Ventura County
If you are considering evaluating your business it is important that you contact an experienced Ventura business evaluation attorney who can help guide you through the process to ensure you are receiving the best possible outcome. We understand the value your business might hold, not only for you, but for your family as well.
With over 40 years of combined experience, our lawyers at Negley Law, APC can assist you through prompt and professional counsel. We help clients throughout Ventura County, CA.
Contact us today for a free initial consultation regarding your business.
John Negley is a Certified Family Law Specialist
Michael Rutkowski is a Certified Family Law Specialist
#1 Best Reviewed Family Law Firm in the County by Google & Avvo
A Personalized Approach for Every Client
Prompt & Professional Legal Advice & Service
Over 40 Years of Combined Experience