Business Valuation Lawyers Morris County, NJ
Morristown Business Division Attorneys
Division of a family business, professional practice or other privately-held company can be a complicated endeavor. In the most contested divorce cases, the parties may have separate valuations done, often leading to conflicting results. Even in uncontested divorce cases, forensic experts are often necessary in order to derive a proper value for your business.
It is very important to work with a Morristown business valuation attorney who understands the intricacies of complex property division and business valuations. At the family law firm of Laufer Dalena Cadicina Jensen & Boyd, we have extensive experience representing divorce clients who own businesses and/or spouses of business owners. Contact us by calling 973-813-7667.
Parsippany, NJ Divorce Lawyers Help You Value your Business
There are three valuation approaches allowed by the court: the income/capitalized method, the market method, and the cost approach method. Each method can lead to a different result. An experienced divorce lawyer will examine your situation and help you strategically select the method that best meets your interests.
Valuating a medical practice, legal practice, restaurant or other business for purposes of a divorce is very different than valuating for purposes of selling the business. There are multiple factors that must be taken into account, including:
- If the company is a private company, how should it be valued — what method should be used?
- If the company is a public company, what is the value of the stock on the open market?
- If the business is a large practice, how will each member of the firm’s interest impact the valuation? What compensation and perks are other partners receiving?
- During valuation of a partnership, do any of the partnership agreements affect valuation or division?
Randolph, NJ Business Division Lawyers
Once the business has been valued, the court will consider it as part of the equitable distribution of the marital property. How it will be divided depends on what will happen with the business: Does one spouse want to keep the business? Will the business be dissolved? Our goal is to help you negotiate and work through the details of your business valuation and division effectively and efficiently.
Contact a Morristown Company Division and Evaluation Lawyer Today
At the Morristown law offices of Laufer, Jensen, Cadicina & Boyd, many of our lawyers practice exclusively family law and are AV® Preeminent rated, signifying the highest industry standards in legal knowledge, communication abilities, and experience.
We also feature many family law attorneys nominated to the Super Lawyers / Rising Star Super Lawyers list as it relates to family law, the dates of which you can see below.
We are intimately familiar with all the nuances and pitfalls of divorce litigation, and we are ready to use our expertise to help secure you the best possible business division settlement. For more information about business valuation and division, talk with one of our Morristown business valuation attorneys by contacting us online or through our Morristown offices at 973-813-7667.
Business Valuations Video Questions
- In cases where one spouse has a professional practice, will that practice be divided on divorce?
- If one spouse owns and runs a business, how can the other spouse be sure of getting a fair share?
- Will private business records become public records during a divorce?
- If a professional with a practice is going through a divorce, what is their spouse likely to get?
- What are the rules regarding the division of assets during a divorce in New Jersey?
- Where there are multiple properties, how will these be divided on divorce?
- Will the stay-at-home spouse’s contributions be rewarded during property division?
- Is litigation the only way to resolve high-asset divorce cases?