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Business Valuation in Orange County

Orange County Divorce Attorney

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 divorce 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 divorce 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.

Get to Know Our Team

  • Raja S. Gill
    Raja S. Gill Founding Attorney
  • Stephanie Reyes
    Stephanie Reyes Attorney
  • Kyle Shiroma
    Kyle Shiroma Attorney
  • Edgar C. Johnson, Jr.
    Edgar C. Johnson, Jr. Of Counsel
  • Raja S. Gill Founding Attorney
    Raja S. Gill

    Attorney Hetinder “Raja” Gill has been awarded membership in the National Trial Lawyers: Top 40 Under 40, and he maintains a Superb Avvo Rating. View Profile

  • Stephanie Reyes Attorney
    Stephanie Reyes

    Mrs. Reyes is an aggressive advocate in divorce and family law matters and has extensive experience in custody and financial disputes. View Profile

  • Kyle Shiroma Attorney
    Kyle Shiroma

    Mr. Shiroma uses his experiences and perspectives to zealously advocate for the family law clients of the Gill Law Group. View Profile

  • Edgar C. Johnson, Jr. Of Counsel
    Edgar C. Johnson, Jr.

    Attorney Johnson graduated Western State University School of Law and has over 25 years of litigation experience. View Profile

Recognized for Excellence

Attorney Gill's Memberships & Professional Associations

  • 10 Best 2019
  • Trial
  • OCBA
  • Consumer
  • Super Lawyers
  • ABA