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Business Valuations and Complex Financial Problems in Divorce
The valuation of a publicly traded corporation is relatively simple. The valuation of a closely held company can be extremely complex. Likely an expert will be required to offer evidence of its value. The exact process depends on the type of business. For professional practices, specific valuation techniques are used and good will is generally not considered.
In situations where the valuation of a business is the most substantial asset in the divorce, great care must be taken. Opposing business valuation experts may value the same closely-held business quite differently. Often, differences can be several million dollars. The family law attorney must have a depth of understanding with regards to valuation methods, accounting, and finance. All methods used to value a business are replete with subjective value judgments. The divorce attorney must be able to understand the subtle, but common errors, which can occur with each valuation method to prevent prejudice to the client's case.
In many circumstances, the debt of a business entity can become more important than the intrinsic value of the business. If one spouse owns a business and has pledged personal (i.e. marital) assets as security for debt, the other spouse should be careful to determine the total amount of debt and protect against being held liable for those debts. These important issues must be addressed in the M.D.A.
Miles Mason, Sr. is a former CPA and teaches seminars across Tennessee and the nation for other lawyers, business valuation experts, and CPA’s to prepare them for the complexities of handling divorces with business valuation issues. Mason has worked with some of the very best business valuation experts in the nation.
| Pension & Business Valuations and Complex Financial Problems in Divorce Articles and Resources |
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| Seminar: TBA Tennessee Business Valuation Law - Miles Mason, Sr. and W. Robert Vance, CPA, CVA, CFP | See also the Memphis & Nashville Business Valuation Expert Directories. |
| Article: Engaging a Business Valuation Expert by Miles Mason, Sr. | Forensic Accounting: Performing Autopsies on Paper By Robert Vance, CPA,CVA,CFP |
| Articles by Z. Christopher Mercer, ASA, CFA of Mercer Capital | |
| Written by divorce and family lawyers with the Crone & Mason, plc Family Law Practice Group, our attorneys provide details of Tennessee divorce and other family law issues including answers to many frequently asked questions. Offices serving Nashville and Memphis Tennessee and surrounding area. Copyright, Crone & Mason, plc, 2007. | |
Memphis Divorce Lawyer: 5100 Poplar Avenue | Suite 3200 | Memphis, Tennessee TN (USA) 38137 | Tel: (901) 683-1850 | Fax: (901) 683-1963
Nashville Divorce Lawyer: 205 Powell Place | Brentwood, Tennessee TN (USA) 37027 | Tel: (615) 369-0640 | Fax: (615) 369-0639
Email: firm@cronemason.com
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