Complex Business Valuations
Businesses are treated like any other asset in a divorce. Because of this, it is critical to ensure that your business is properly valuated if you are going through a divorce. Even when a business is considered to be the separate property of one spouse, any increase in the business value during the marriage could still be subject to equitable distribution in Minnesota.
What’s Equitable Distribution?
Equitable distribution is the distribution of property and debt obligations used by courts when dividing marital property during divorce proceedings. Equitable distribution does not necessarily mean equal division, but rather, fair division. Therefore, we find it extremely important to properly value your business and the impact on your family.
Types of Valuations and Agreements
Del Blocher Law understands the importance of your business. With over 30 years as a divorce attorney, Del is capable of protecting the interests of your business. Whether it be a valuation report or determining how to structure the buyout, our experience is on the leading edge of divorce law. A variety of terms are used for complex business and valuation including asset-based, income-based, market based, and less common, excess earning and buy-sell agreements. If you have any questions regarding any of these complex terms, trust Del Blocher Law to assist you.