Missouri Property Division Attorneys
If you and your spouse are ending your marriage and own a business in full or in part, a business valuation may be essential to account for the value of your business assets and interests. Even if you jointly own a business that will continue to belong to both of you after the divorce, a business valuation may still be necessary.
At Knight & Salladay Law Offices, our attorneys understand the financial challenges involved in business and divorce issues. How are you going to pay yourself, keep the business running and make any cash equalization payment your spouse may be entitled to? In addition, you may be faced with maintenance or child support obligations in addition to paying a cash equalization payment to your spouse.
Our Columbia business valuation attorneys have represented Missouri business owners and spouses throughout the state. Our extensive guidance includes working closely with licensed and certified business valuation experts who understand your particular industry, as well as economic factors in the marketplace. A thorough business valuation will include:
- Physical assets
- Stock
- Equipment and vehicles
- Goodwill assets
- Inventory
- Accounts receivable/payable
- Debts
Cash Flow Analysis
One important issue in the business valuation process is the analysis of controllable cash flow. It is essential to determine the cash on hand that a business owner has access to and that may be added to the business owner's income. This may include unreported income, self-employment perks and the claimed payment of personal expenses through the business. This type of "off-the-books" money is often the subject of dispute and can have a major impact on maintenance, child support and property settlements.
If you own all or part of a business, its value will need to be determined for your divorce. We have experience representing divorcing Missouri business owners and spouses with interests in:
- Small businesses
- Closely-held family businesses
- Farming operations
- Home-operated businesses
- Retail stores and restaurants
Whichever side of the case you are on, our lawyers have the experience and resources needed to effectively pursue a settlement agreement or present evidence to the court on the value of your business.
Talk to a Lawyer Today
To learn how our legal team can help you with your business issues, call 573-355-5592 or toll free at 888-458-5631 to schedule your initial consultation with an experienced lawyer. Or you may send us an e-mail.
