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Business Valuation in Orange County

Getting a Divorce? Make Sure Your Business Is Fairly Valuated.

A married couple that owns or runs a family business together will encounter the unique challenge of “dividing” that asset should they go through a divorce. Most cases of property division involve savings accounts, actual cash, or tangible items like a home or an automobile. It can be a complex affair to try to divide something that is more abstract and ever-changing like a business.

Gill Law Group, PC can provide the legal assistance and dedicated counsel you need to fairly valuate your business during your divorce. Our team of Orange County business valuation attorneys take a teamwork approach to each case we accept, allowing you to access the skills and knowledgeability of more than just one family lawyer. Get your case started with a complimentary consultation today – you will be glad you did.

How a Business Can Be Valuated

Valuating a business is the process of examining it thoroughly to determine its value if it was sold, or how much income someone would stand to make from running it for a given fiscal year. You can think of a business valuation as an appraisal for your business, rather than your home. With the help of a professional divorce attorney with a comprehension of intricate legalities and business sense, you can accurately valuate your business so it can be added to your marital property during divorce.

Five things to consider when valuating your business are:

  1. Tangible Property: What your business owns that can be physically catalogued, such as office equipment, real property locations, product inventory, etc.
  2. Intangible Property: What your business owns that is not physically catalogued but still has objective value, such as patents, trademarks, and your company’s good reputation.
  3. Profit: Subtracting the total expenses of your business from your total income will get a base idea of your total profit; you may need to examine years of financial records to create an average profit-per-year amount that is usable in your case.
  4. Depreciation or Growth: Normal wear-and-tear to your business’s physical property will cause depreciation that must be subtracted from your business’s value; oppositely, a healthy catalogue of loyal consumers, clients, or customers can reverse depreciation and add significant unstated value to your business.
  5. Calendar Date: The fair market value of your business can only stay static for a short period of time; a business valuation must be conducted shortly before the divorce is finalized to ensure it remains accurate.

Work with Our Attorneys to Find the Answers

Determining the value of your shared business must be an exact science that uses clear mathematical procedures and a careful eye for detail. If it is not, the court may reject your property division plan or you could stand to lose out on thousands if your estimation was too low. Rather than guessing to get to the answers you need, retain the services of our Orange County business valuation lawyers to have confidence that everything is being handled appropriately. We can discuss buying your ex-spouse’s share of your business, where to collect the financial information you will need, and more.

All you need to do is contact our firm to begin.

Our Client Testimonials

See Why People Choose the Gill Law Group, PC
    “I would highly recommend this professional firm and his staff.”
    “I would highly recommend this professional firm and his staff.”
    - Kathleen H.
    “I could not have survived the divorce without this team.”
    “I could not have survived the divorce without this team.”
    - Jamie Lima
    “Raja and his fellow Associate Attorneys and Office Personnel have all been excellent.”
    “Raja and his fellow Associate Attorneys and Office Personnel have all been excellent.”
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    “I have worked with other attorneys and they do not compare the The Gill Law Group.”
    “I have worked with other attorneys and they do not compare the The Gill Law Group.”
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    “They will simultaneously fight for you and be a calming voice of reason. All around awesome folks that know what they’re doing.”
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    I wholeheartedly endorse this lawyer. I have had the distinct pleasure of working with Mr. Gill for the last few years and am also proud to call him a friend. He is knowledgeable and cares about his clients.
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    “Mr. Gill can handle the most complex matters; cases that will leave other attorneys in the dark.”
    Raja Gill is an exceptional lawyer with the requisite knowledge, experience, and compassion to deliver superior results for his client. Possessing an eye for detail, Mr. Gill can handle the most complex matters; cases that will leave other attorneys in the dark. If you are looking for an attorney who will far exceed your expectations, look no further than Mr. Gill.
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    He is good and on top of everything. He contacted me frequently and got me what I wanted. I'll recommend him to anyone that needs professional help.
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