Merrimack Valley Asset Division Lawyers
When a divorce involving business ownership requires business valuation, assessing the true monetary worth of the organization can be difficult. This would apply to a couple that jointly owns a business or for a sole proprietorship.
At Eno, Martin & Donahue, we work closely with our clients to form the foundation required for long-lasting business relationships. We have experienced lawyers at our firm well acquainted with the complications involved with business valuations in Massachusetts.
Solid representation will facilitate the kind of valuation that will protect your rights and prevent problems with the business later. As a locally owned, full-service law firm, our experienced staff can handle personal family law matters as well as legal challenges that involve businesses. Visit our other business-focused website to learn more about our firm's business law services.
Chelmsford Business Valuation Lawyers
Sometimes it pays to bring in outside evaluators like accountants and business consultants to formulate business valuations. These experts make determinations on the value of a business. A good lawyer will arrange this process on your behalf and make sure that the evaluation experts are highly qualified in their fields.
To complete a business evaluation, clients must be prepared to disclose both personal and business financial records. Small businesses can be more difficult to assess than larger companies that have stock options in place. Often, the first place to start is with financial statements generated from the business to evaluate income, expenses, assets and liabilities. Further information is derived from:
- Loan applications
- Offers to buy the company
- Bank account statements
- Income tax forms
For a small company, filed tax forms can show a clearer picture than documents created within the organization. Combined, this personal and business data serves as a basis to form a business valuation. During a divorce proceeding for high net worth individuals or business owners, business valuations are often used.
Contact a Boxborough Asset Protection Lawyer
To find out more about business valuations and how the experienced team at Eno, Martin & Donahue can help, contact our law firm online or call 978-674-7154 to schedule an appointment with an attorney to discuss your situation.
