Business Valuations Lawyer

Divorce can be a challenging and emotional process, especially when it involves dividing assets and liabilities. In cases where business interests are at stake, the expertise of a qualified business valuations lawyer is crucial. At Boudreaux Law Firm, our experienced business valuations lawyer in Augusta, GA, provides the knowledge and representation needed to navigate the complexities of valuing business assets during divorce proceedings.

Understanding Business Valuations in Divorce Cases

In Georgia, assets acquired during a marriage are subject to equitable distribution, including business interests. Determining whether a business is classified as marital or separate property is a key step in the process:

• Marital Property: If a business was acquired during the marriage using joint funds, it is considered marital property and subject to division upon divorce.
• Separate Property: If a business was owned prior to the marriage or purchased with separate funds, it may be classified as separate property. However, if marital funds were used for investments or improvements, the non-owner spouse may still be entitled to a share.

Business valuations are often complex because business owners may not have a clear understanding of their company’s market value. Our business valuations lawyer in Augusta is here to help you determine the accurate value of your business and protect your interests.

Methods for Determining Business Valuations

Accurately valuing a business involves several methods, which may be used individually or in combination to achieve a fair outcome:

1. Asset Valuation: This method considers tangible and intangible assets such as land, equipment, inventory, cash holdings, and intellectual property, with liabilities subtracted to determine the net value.
2. Earnings Multiplier Method: This approach evaluates the business’s earning potential based on profitability ratios and the investment made in the company.
3. Market Comparison: Businesses are compared to similar companies in the market to establish a fair market value.

Divorcing couples often disagree on the most appropriate valuation method, as each method may yield different results. Having a knowledgeable business valuations lawyer on your side can help ensure that the most suitable approach is applied to achieve an equitable division of assets.

Why Choose Boudreaux Law Firm for Business Valuations?

With over 25 years of experience in family law and business valuations, attorney Todd Boudreaux brings a strategic approach to every case. As a cum laude graduate of the University of Georgia School of Law, Todd is dedicated to providing aggressive yet compassionate representation. His practice is primarily devoted to litigation, and he is admitted to practice in the State of Georgia, Georgia Court of Appeals, Supreme Court of Georgia, U.S. District Courts for the Northern and Middle Districts of Georgia, and the U.S. Court of Appeals for the 11th Circuit.

Todd’s commitment to excellence is recognized through his memberships in the Georgia Trial Lawyers Association, Georgia Bar Association, and Augusta Bar Association. At Boudreaux Law Firm, we value personalized representation and take the time to understand your unique situation.

Business Valuations FAQ

How is a business classified as marital or separate property in a divorce?

A business is considered marital property if acquired during the marriage using joint funds. If the business was owned before the marriage or purchased with separate funds, it may be classified as separate property. However, if marital funds were invested in the business, the non-owner spouse may still be entitled to a share.

What are the methods used for business valuations in divorce cases?

Asset valuation, the earnings multiplier method, and market comparison are the three primary methods for valuing a business. The chosen method depends on the business’s nature and the divorce’s specific circumstances.

Can I protect my business interests during a divorce?

Yes, with the help of a qualified business valuation lawyer, you can take steps to protect your business interests. This may include negotiating a fair division of assets, exploring buyout options, or establishing the business’s value using an appropriate valuation method.

What should I do if I disagree with my spouse’s proposed business valuation?

If you disagree with your spouse’s valuation, you can seek a second opinion or hire an independent business appraiser. Our business valuations lawyer can help ensure the valuation process is conducted fairly and accurately.

Contact Our Business Valuations Lawyer in Augusta, GA

When it comes to valuing business assets during a divorce, you need an experienced attorney who understands the complexities involved. Contact Boudreaux Law Firm in Augusta, GA, to schedule a free consultation with our business valuations lawyer. We are here to provide the strategic representation and legal guidance you need to protect your financial future.