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Florida high-asset divorce: Will business valuation play a role?

Placing the value on any particular asset can be difficult in many cases. When the situation involves business valuation, Florida company owners may have a variety of aspects to consider and potential methods of valuation to explore before coming to a value. Determining the best manner in which to determine this amount may prove particularly useful in the event of a high\-asset divorce.

Because companies are often individuals' largest assets, tracking the changes in value could help the owners better predict how their lives could be affected. These impacts may also allow them to determine whether they need to make certain changes in their lives in order to address the fluctuations in value. Some factors most often considered when determining value include assets, growth rate, competition and recurring revenue.

Having an accurate valuation is also important. If an individual begins divorce proceedings believing that his or her company is worth less than it actually is, issues could arise during property division proceedings. By having a record of periodic valuations, parties may have a better idea of the true value of their businesses and also have a record to show that value in the invent of disputes.

The idea of losing some or all of a business due to a high-asset divorce could leave many Florida company owners feeling ill at ease. Because protecting that asset may be a strong goal, understanding the options for doing so and how to work toward desired property division outcomes may be beneficial. Speaking with experienced attorneys on this topic could help concerned parties gain the knowledge they may desire.

Source: lodinews.com, "Ken Levy: The importance of valuing your business", Ken Levy, July 14, 2017

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