At Circumference Valuations, we understand divorce is stressful, especially when spouses begin the separation of financial assets. Whether you or your spouse is the owner of the business, or you and your spouse are business partners, the business or professional practice is often the most significant asset of the marital estate. Add this to the discussion of unfamiliar, complex financial matters and communication during divorce proceedings can easily breakdown.
A business appraisal for divorce is the first step toward making some very difficult, but ultimately necessary, choices.
What factors should you consider in selecting a valuation appraiser for your divorce?
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Credibility: A business valuation prepared for a divorce is subject to considerable review and often opposition by the other party. The factors contributing to credibility include: professional credentials, education, experience, communication skills and the independence of the appraiser.
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Price: You will find a wide range of prices among valuation specialists. In the world of valuations, higher price does not always correlate to higher quality.
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Industry Knowledge: Valuation results can be highly dependent on the valuation specialist’s ability to fully understand the specifics of the business and the industry within which it operates.
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Forward-Looking Value: The true value of a business is most often based on expected future performance. Past accounting figures often need adjustment to reflect economic reality.
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Creativity: While valuations may seem like straight-forward applications of standardized methodologies, this is far from the truth. To be most useful, a valuation specialist should understand the less than obvious components of a company’s value.
It is often tempting to hire someone you know, such as your accountant, to prepare your valuation. If you do so, be aware that this impairs the preparer’s appearance of independence. Don’t underestimate the importance of an independent valuation report in your divorce case.
There are several advantages working with Circumference Valuations:
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Objective Business Valuation: As an objective third party, we can provide you with a business appraisal which will insure all parties of a non-biased and experienced report which is critical in reaching an equitable divorce settlement.
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Reasonable Cost: Circumference Valuation offers products that are of the highest quality yet at a remarkably affordable price. A summary valuation can be used to value any business from a small, one-person shop to mid-market. Every business can afford a top-notch appraisal.
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Great Credentials: Credentialed to perform business valuations by both the National Association of Certified Valuation Analysts and the Institute of Business Appraisers.
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Speedy Service: You can have a quality appraisal of the business within 2-3 weeks; and if there is a rush, we offer expedited services.
What a summary valuation report provides:
This divorce valuation from a credentialed expert establishes a comprehensive opinion of value and:
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Insures the rights of each party involved in the divorce are protected.
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Provides an impartial valuation report which guarantees that one partner will not be able to inflate or undercut the value of the business.
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Compares the current market position and financial information with industry standards;
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Meets IRS Revenue Ruling 59-60 standards; and
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Allows the parties involved to make the best out of a bad situation.
Our training, experience and credentials help us offer big-firm performance while giving your needs personalized attention and commitment at a lower price.
To learn more about divorce appraisals, contact the experts at Circumference Valuations by calling (877) 988-0911 or online. GO
Other Situations Benefitting from Valuations:
SBA Loans | Retirement or Estate Planning | Buying or Selling a Business or Professional Practice
