Business Valuation in Family Law

Many of our clients at Family Law of Orlando are professionals who own their own businesses. Whether you or your spouse are a doctor, lawyer, contractor or small business owner, you must consider the value of the privately held corporation, partnership or family business. Determining what portion, if any, is a marital asset can make a significant difference in the overall distribution of other assets and liabilities as the value of the business can create a significant offset of other assets. In addition, the Court must decide which spouse should retain the business interest.

Business valuation is a complicated issue. When valuing a business for equitable distribution purposes, the court must calculate the fair market value of the business as well as any enhancements to the value of the business during the marriage and whether or not marital funds or efforts contributed to the enhancement of the value. A significant issue when valuing a business is whether “enterprise good will” exists or whether “personal good will” exists. In addition, the business’ cash flow, assets, liabilities and depreciation expense can have a significant impact on the total value. At Family Law of Orlando, Mr. Luther’s B.S.B.A. degree with a major in business finance, along with his personal experience in owning and operating small businesses make him a uniquely qualified divorce lawyer with knowledge and experience regarding complex business valuations. He has a strong network of business valuators, forensic accountants and financial experts to draw upon to ensure that your business interests will be accurately valued and protected during your divorce.

If you or your spouse are the owner of a business and are in the midst of an Orlando divorce or support matter, it is of the utmost importance to seek qualified representation. Contact our office today to schedule an initial consultation with Attorney Wade P. Luther of Family Law of Orlando.