Determining Fair Market Value
The fair market value is the price that a buyer would be willing to pay for the business. Factors that can either raise or lower market value include:
Also, characteristics of marketability and control are measured and can add or take away from the fair market value for property division purposes. At SekellaLaw a complex divorce attorney, Heather M. Sekella is a Certified Financial Litigator ™ and a Certified Divorce Financial Analyst ® and knows what must be done in determining the Fair Market Value of a business or professional practice during a divorce.
What is the Goodwill of a Business?
Gauging goodwill is a way of approximating the future success of a business. There are two different categories of goodwill: personal and professional. Professional goodwill is the likelihood that a client will return to the business for goods or services in the future. Personal goodwill is the positive reputation stemming from the professional involved in business, such as education and experience.
The skilled N.H. complex divorce attorneys at SekellaLaw, PLLC, collaborate with other valuation professionals to look at all the factors contributing to the amount a person would reasonably pay for the business to make a valuation determination. Don't leave anything on the table during your divorce — make sure you're properly compensated for a business asset tied to your divorce.
Call an experienced family lawyer in Manchester, NH, with an understanding of business valuation today at (603) 623-1003, or send us a message online. Schedule a complimentary case review and see how we can craft a valuation strategy tailored to your situation.