If you and your soon-to-be former spouse have decided to end your marriage, all of your marital property and assets must be divided. Protect yourself and your business by working with a Vigo County business valuation attorney to ensure that you aren’t being taken advantage of.
When you and your spouse are going through a divorce in Indiana, you might not be aware that all of your debts, property, and assets will be divided equitably. If you are a business owner, this will include your business. Things can get even messier when your spouse is a partner in your business. Fortunately, an experienced attorney can help.
Your highly trained Vigo County business valuation lawyer at Rowdy G. Williams Law Firm will be able to ensure that the debts and assets are split fairly so that neither party is left without their share of the business.
Valuing a business is a complicated matter, and although it can be tempting to try to come to an agreement with your spouse on your own, having a lawyer by your side will ensure that you retain what you’re entitled to.
Determining the Value of Your Business
Before your business can be split between you and your spouse, your attorney from our firm will need to determine how much your business is worth. There are several ways to establish the value of the business in question.
First, we’ll examine the fair market value of the property. This is the amount that your business would be worth if you were to put it on the market today. Next, we’ll look at the value of all business assets. This could include pricey business equipment or supplies, such as furniture or production machinery. Finally, we will need to determine business revenue and potential future revenue.
As you can see, calculating the value of a business can be quite complex, which is why having a talented attorney by your side is often critical to the success of your case. You’ll want to be sure that your company is valued appropriately, and your business valuation attorney in Vigo County will ensure that you get the most out of your business during your divorce.
How Your Business Will Be Divided in Your Divorce
Indiana follows equitable distribution when dividing property and assets in a divorce. This means that although your marital assets will be divided equitably, they won’t necessarily be divided evenly.
In theory, you and your spouse can divide things as you see fit if you’re able to work together to compromise, whether on your own or through mediation. Your lawyer can help you through this process so you aren’t taken advantage of while your marital property is still in limbo.
Get Help from a Vigo County Business Valuation Attorney
Going through a divorce is never easy, but when you have valuable assets such as your business, you need to protect yourself at all costs.
You can work with a regarded Vigo County business valuation lawyer at Rowdy G. Williams Law Firm to ensure that the value of your business is established and that you can obtain the marital assets you deserve as your divorce comes to a close. You can schedule your free case evaluation today by filling out the brief contact form below or by calling our office at 1-812-232-7400.