Beaverton family lawyer and mediator Laura Schantz answers common questions business owners have when going through a divorce in Oregon.
Business Valuation and Divorce
Is there any point in hiring a financial professional if the wage earning or business-owner spouse is not being co-operative?
You definitely should hire the financial professional to value the business. If the business owner is not being co-operative about producing records – again, this is something that the courts see very frequently – the non-business owning spouse could file an application with the court and essentially take the control away from the spouse. Business […]
To save even more money, could a business owner use the company’s accountant…
To save even more money, could a business owner use the company’s accountant, who is clearly very familiar with the business and values the business, instead of hiring an outside professional?
Under what circumstances does someone need to hire a business valuator?
You wouldn’t want to do it unless it’s necessary. However, there are different ways that you can work with a business valuator to make it more cost-effective. For example, you could hire a joint business evaluator rather than each party obtaining their own business valuator. You would not only utilize the business valuator to determine […]
How do you determine their true income and what that business is actually worth?
If someone’s ex is self-employed in a cash-based business, how do you determine their true income and what that business is actually worth?
If both spouses co-own a business together, how will it be divided in a divorce?
It’s really going to be based upon a case-by-case basis. However, when both spouses co-own, and not necessarily own, but both work in the business, each spouse is going to have an intricate knowledge of the business – although they may not have the same knowledge. For example, one spouse may actually work the business […]
If somebody is a business owner, how can they protect their company during divorce…
If somebody is a business owner, how can they protect their company during divorce – both financially and from unnecessary disruption from the other side’s attorney?
Podcast: Divorce Lawyer Alison Leslie on Dividing Business Assets
New Jersey Divorce Lawyer Alison Leslie discusses issues that may arise during divorce when one or both spouses own a business.
WATCH: If one or both spouses own a business, how is it valued and divided in a divorce?
Read the transcript of this video below. Divorces that involve businesses can be very complicated and challenging. In New Mexico, the case law says that the value of all property in a divorce case is market value. There are different ideas and different interpretations as to what that means. And there are different experts […]
WATCH: Divorce from the perspective of a business owner or spouse of a business owner
Read the transcript of this video below. What is your approach toward representation of business owners in divorce cases? Representing a business owner in a divorce requires specialized knowledge and skill. Although each business is unique, there are accounting and financial aspects that are usually applied to the valuation process in New Mexico. By […]
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