Business Valuation In New York Divorce And Separation
Property, finances and debt must be divided when spouses divorce or separate. Property division decisions are very important and can make the difference between future financial instability and financial independence.
Property division decisions become even more complex when marital property includes family-owned businesses or other business interests.
At Venzon Law Firm PC, our attorneys have been helping clients throughout Buffalo, Niagara Falls and all of Western New York value family-owned businesses and divide marital property for 36 years.
Business Asset Valuation
Venzon Law Firm PC does not look for short-term solutions to long-term situations. Our attorneys understand that property division decisions made today have the power to greatly affect our clients’ financial stability and well-being into the future.
This is why we examine the long-term earning potential of family-owned businesses, retirement accounts and other income producing properties in addition to the current value of our clients’ and their spouses’ assets. After determining the future worth of a business interest, a property division agreement can be crafted that places our clients on the path to future financial stability.
Venzon Law Firm PC works with a large network of business and financial professionals — such as forensic accountants and cash flow experts. Depending on the type of business involved, we work with these professionals to determine current values and predict the future income producing capacity of our clients’ business interests, professional practices or family-owned businesses.
Keeping Family Businesses In The Family
Individuals with family-owned businesses or professional practices often fear that during divorce proceedings the business will be lost to their ex-spouses or they will be forced to sell their businesses to pay their ex-spouses a lump sum in a property settlement.
Venzon Law Firm PC understands the importance of keeping businesses intact. Our lawyers work closely with clients to create property division agreements that keep family businesses in the family and avoid situations where selling the business becomes necessary.
If you are involved in a divorce proceeding involving family-owned or professional businesses, or business interests, contact the Buffalo lawyers of Venzon Law Firm PC at 716-262-8282 or toll free at 800-583-6960.