The Family Law Leader

» business valuation

Q: I am in the middle of a divorce. My wife is a partner in a small engineering firm, and I am an elementary school teacher. She earns about twice what I do. I know that her interest in the engineering firm is worth something, as the firm owns an office building and lots of equipment. How can I determine what the business is worth for purposes of property settlement?

A:  You are correct that most businesses have a value for purposes of property settlement. It can be difficult to place a value on a personal service businesses such as an en…

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