Business Valuations In Divorce

Divorcing spouses who own a family business or closely held businesses face specific challenges when determining the value of the asset to be divided on divorce whether for the purpose of an agreed property settlement or in a contested divorce hearing. Valuation must include the current value of property assets, as well as the value of future earnings and customer good will and the discounts to valuation to be taken. When the business is a professional practice, goodwill is only valued if it exists separate and apart from the professional's license.It is important to determine if the factors would exist which would permit any valuation of goodwill to be made in that instance.

If your pending divorce in Central Texas will involve business valuation and division of business property, it is critical to have an experienced attorney protecting your financial interests. At the law office of Prater & Ridley, our attorneys have more than 110 years of combined experience providing aggressive advocacy for our clients. We hire appraisers for the business valuation, and we work with experts to help ensure your business assets — including real estate holdings, equipment and future earnings potential — are accounted for and properly valuated.

Founding attorney Carol Prater is board-certified in Family Law by the Texas Board of Legal Specialization. She practices family law exclusively. During her practice, she has tried more than 150 jury trials to verdict, working to ensure her clients' rights are protected. Trying jury trials is an art that comes with experience, and if your business is one of the things that will be impacted by your divorce, you need a thorough and effective lawyer behind you. Schedule an appointment with her to discuss your business valuation concerns.

Our firm combines experience, resourcefulness and technology to offer our clients sophisticated representation focused on achieving the best possible outcome for every case. We practice with integrity, including responsive communications and setting clear expectations with our clients. Our fees are competitive and based on transparent billing policies. We accept major credit cards for your convenience.

From offices in Temple, our lawyers provide legal counsel for clients in Bell County and communities throughout Central Texas. Our general office hours are from 8:30 a.m. to 5 p.m. and evening and weekend appointments are available by special arrangement. Call us at 254-773-9081 to discuss your legal concerns. You may also use our convenient email contact form to request a consultation with an attorney.