One of the most complicated issues in a divorce can be determining the value of a business. Our Naples attorneys have extensive experience in working with business valuators, appraisers and the like in determining the fair market value of a corporation. An even more complicated issue is when a spouse owns a business prior to the marriage and a determination of whether or not that business has increased in value during the marriage needs to be calculated. An in-depth analysis is conducted as to whether the business grew in value, whether through market conditions (passive appreciation) or through efforts or investments by you or your spouse during the marriage (active appreciation).
There are three (3) business valuation methods pursuant to the American Society of Appraisers (ASA): the Income-Based, Asset-Based and the Comparative Market-Based methods of valuation.
Often times only one spouse owns a business which is created during the marriage. Notwithstanding, that business would be considered a marital asset and is subject to Equitable Distribution. Through extensive discovery, working collaboratively with business valuation experts and our clients, we work diligently to arrive at the most objective opinion of value of the entity. We only work with business valuators and forensic accountants who presents the facts as they are. Utilizing any other type of expert will only cost our clients more money and their overall credibility with the Court. Our refusal to work with “hired guns” has earned us credibility with the Naples community and our Family Law judges. Our reputation of professional and ethical advocacy has resulted in fair and equitable outcomes for our clients.
Long & Associates, P.A. has worked directly with business owners, corporate officers and investors over the years which provides us with a breadth of knowledge to meet the needs for a variety of clients. This results in our ability to develop effective, efficient and progressive strategies for our clients and their complex business valuation issues.