Denver Business Valuation During Divorce Attorney

Accurate Financial Information Is Critical

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A Denver Business Valuation Lawyer Can Make a Difference

Not all marriages last forever. The road to divorce is rarely smooth; there are twists and turns along the way that need to be managed. You must protect yourself and your family.

Quite simply, your divorce deserves the same amount of attention and planning as your wedding. There are a host of issues to be determined, including the separation of your finances.

When a business is a component of a couple’s assets, the divorce process can be especially complicated.

In situations like this, representation by a divorce attorney experienced in the business valuation process is beyond valuable — it’s essential. You must take the right steps to identify the best people to have on your side. The difference this makes is considerable.

Our team at Price Family Law is experienced in representing individuals in divorce situations where businesses are among the family assets. Our business valuation lawyers know how to manage cases like this and have access to a broad range of experts to help. Contact us today at 720-615-1750 to schedule a free consultation and learn what we can do for you.

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Why Choose Price Family Law?

We Understand the Complexities of Divorce Involving Businesses

If your marriage assets include a family business, choosing the right firm to represent you as you move forward with your divorce is perhaps the most important decision you need to make. You want to work with professionals who have the knowledge and experience to help you manage all aspects of your separation, including complicated financial positions involving family businesses and high-net-worth situations.

Price Family Law is here to help. Our founding attorney, Trista Price, who has extensive experience in managing divorces involving sophisticated business and financial issues, leads a team of professionals with decades of experience. Their reputation for providing their high-net-worth clients with the highly technical service they need is unmatched.

For a particular segment of the population, conducting an accurate business valuation is a crucial component of their divorce proceedings. We understand how the process works and we know how to use the information it provides.  In situations like this, knowledge is power, and we know how to leverage it on our clients’ behalf.

We also appreciate that high-net-worth divorces come with a host of additional issues. Confidentiality is paramount. We have a stellar reputation for providing discreet and compassionate service.

While our experience provides a sound foundation for serving new clients, we always take the time to learn the intricacies of your marriage and your business. Understanding your complete story is critical to an accurate valuation. In business and in life, little things make a big difference. We are relentless when it comes to details.

We provide all clients with a no-cost consultation. You are about to embark upon a challenging process that will ultimately serve as the basis for your future. We take your concerns seriously and are ready to help you with all aspects of your Denver business valuation during your divorce.

How Price Family Law Can Help

We Play an Active Role in the Valuation Process

Divorce can be complicated, but when the separating couple counts a business among their assets the process becomes even more involved. Determining the financial arrangements post-divorce can be both challenging and emotional.

At Price Family Law, we have extensive, hands-on experience representing business owners and high-net-worth individuals. When you engage our Denver business valuation lawyer you can expect us to:

  • Review Your Situation: The divorce process requires a compilation of information including an understanding of the nuances of your specific situation. The valuation of your business is a critical piece of the puzzle necessary for a reasonable division of assets. Using that information appropriately requires us to clearly comprehend the entirety of your marriage, current situation, and hopes for the future.
  • Review Your Overall Finances: Your overall financial position is important. We will gain a complete picture of your assets, liabilities, and income.
  • Determine the Value of Your Business: As part of reviewing your financial position, we will need to quantify the value of your business. An assessment will be performed on the company’s financial statements, paying special attention not only to its assets and liabilities, but also to its future earnings potential. We have access to outside professionals who can testify to the accuracy of the valuation.
  • Negotiate a Divorce Settlement: We will draft an agreement that details all aspects of the divorce including separation of assets, alimony, child support, and child custody.

Trista Price is well positioned to leverage her knowledge and experience to ensure your valuation is accurate and properly considered.

FAQs Regarding Business Valuation During Divorce

Our Denver Business Valuation Attorney Responds

When divorcing couples list a business among their assets, questions regarding its value and impact are common. Because each relationship and every business is unique, answers to specific questions are difficult to provide without detailed information. Below, we have shared some common general questions and our responses.

Can we conduct our own business valuation?

Generally, this is not wise. Business valuation is a specialized skill requiring detailed financial knowledge. It is unlikely that you and your spouse have the experience to value your business correctly. Mistakes can be costly; talk to a business valuation lawyer in Denver.

How are businesses valued?

There are three methods generally employed: asset, market, or income. Our Denver business valuation divorce lawyer can provide additional information regarding each of these processes.

How will an accurate business valuation impact my divorce?

A correct understanding of the worth of your business puts you in a powerful position when negotiating a settlement. The attorneys at Price Family Law can explain how your business valuation will impact your personal situation.

We recognize that these questions are just the tip of the iceberg. For more information contact Price Family Law for a no-cost consultation.

Understanding Business Valuations

Their Value in Divorce is Unquestionable

Understanding the true value of a business during divorce is unquestionably important. Consider some of the reasons why.

Colorado requires an equitable division of property in divorce. While it is important to recognize that equitable does not mean equal, it does mean that all assets, including businesses, must be considered.

Once an accurate valuation has been determined, the resulting figures will impact a host of other divorce decisions including alimony and child support.

Additionally, if the business needs to be sold because of the divorce (either to a third party or  if one spouse will buy out the other) knowing the worth of the business is critical.

Finally, while it may be hard to accept, looking toward the future is one of the most important strategies in finalizing your divorce. Business owners and high-net-worth individuals must be concerned with tax implications, categorization (like minority ownership), and future financial planning.

Without a doubt, an accurate business valuation is necessary in order to make educated choices as you move toward the next chapter of your life.

Price Family Law Understands Your Complex Position

Contact Our Denver Business Valuation Lawyers and Learn How We Can Help

Business valuations have serious implications on divorce proceedings. The importance of engaging a divorce lawyer who both understands the financial process and recognizes how it impacts all aspects of your divorce settlement cannot be overstated.

Price Family Law is a team of seasoned and respected professionals who know how to handle the most challenging of divorces, from both a financial and an emotional standpoint.

Your divorce is a milestone: it’s the end of one chapter of your life and the beginning of another. Our attorneys are committed to making sure the process is handled correctly. Protecting your future and treating you with the compassion and respect you deserve are our ultimate goals.

Please reach out to us today at 720-615-1750 to schedule a free consultation. This meeting will provide us with the opportunity to learn more about your personal situation and share how we believe we can be of best assistance.

Attorney Trista Price

Trista McElhaney Price is a founding partner at Price Family Law, LLC. She specializes in high-asset divorce cases and legal matters involving complex business and financial issues as well as complex custody matters involving domestic violence, substance abuse issues, and mental health issues. Read Full Bio.

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