Divorcing business partners urged to hire a valuator
Divorcing couples with a family company should consider hiring a business valuator to accurately determine the value of their enterprise.
“I'd recommend working with a business valuator because it's going to give the best idea of value, aside from actually selling the business,” says Sixta, founder of Crossroads Law. Having your firm assessed by a business valuator is not a legal requirement, but doing so will inject a degree of certainty into a process that can be open to interpretation and disputes, he says. Some divorcing couples can’t afford a valuation, which can cost between $5,000 and $100,000, depending on the size and complexity of the business, Sixta says. Sometimes, the company is too small to warrant the expense.
The information contained in this blog is not legal advice and should not be construed as legal advice on any subject. The information provided in this blog is for informational purposes only.
