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Small Business Valuation in Divorce

A considerable number of New Jersey divorce cases involve couples who have a family or small business. The matter of a small business in a New Jersey marriage dissolution case can make the divorce process at least somewhat more complicated. As part of the process of pursuing a marriage dissolution in this type of situation is the need to obtain a divorce small business valuation.

Decision of What to do with the Business

Before diving deeper into the matter of a divorce small business valuation, a consideration of the options of what to do with that enterprise is a necessary preliminary consideration. The most commonplace alternatives associated with addressing a small business in a divorce include:

  • Selling the small business
  • Setting aside the small business to one of the parties to a divorce
  • Maintaining joint ownership of a small business with a third-party operator
  • Maintaining joint ownership of a small business with one party involved in its operation
  • Maintaining joint ownership of a small business with both parties involved in its operation

If the enterprise is to be sold or set aside to only one of the spouses, an accurate divorce small business valuation is mandatory. In the case of the three alternatives in which joint ownership continues, a divorce small business valuation may not be mandatory per se. However, just because something is not mandatory does not mean that it is not preferable.

Joint Agreement on Valuator or Appraiser

Ideally, both you and your spouse can agree on one professional to undertake the valuation of your small business. The ability to agree on an independent valuator can save time and money when it comes to ascertaining the value of your family or small business.

Individual Valuators or Appraisers

An alternative is for each spouse to obtain their own, individual professional to provide a valuation of the family or small business. This can be necessary in cases in which marital assets are a more hotly contested issue.

Equitable Division of Property Standard

The division of assets and debts in a New Jersey divorce case is governed by a judicial standard known as the equitable division of property. This application of this standard overarches the need to obtain a valuation of a family or small business that will be among the assets of a divorce.

The equitable division of property standard does not require an even splitting of the assets and debts accumulated by the parties during the course of a marriage. Rather, the assets and debts must be distributed between the parties to a divorce in a manner that is deemed just and equitable in consideration of the specific facts and circumstances surrounding a particular New Jersey marriage dissolution case.

Protect Your Legal Rights in a Divorce

If you and your spouse are the owners of a small business, the need for legal representation in a divorce case becomes even more significant. The legal team at the Law Offices of Peter Van Aulen is here to serve you. You can schedule a free initial consultation and case evaluation with a New Jersey divorce lawyer at the firm by calling (201) 845-7400.

Client Reviews
Peter has integrity, and values his relationships with his clients beyond his financial relationship with them. For me to say this about any lawyer is really saying something. He is compassionate, straightforward and knowledgeable. I would easily recommend him to anybody. Lewie W.
Peter Van Aulen handled my case with great diligence and integrity. He is also a compassionate individual who realizes what a difficult time divorce can be emotionally. Peter works hard and doesn't take any shortcuts in preparing for a case… I highly recommend Mr. Van Aulen and his staff. Chuck Solomon
Peter is an exceptionally great attorney. He handled my child custody case and was able to ease any of my concerns with honest answers. He always took the time to explain the pros/cons and was always available to answer any questions that I had… I would highly recommend this attorney to anyone who is looking for one. Jessica Cruz
Peter Van Aulen is a very compassionate, honest and straightforward person. He was there for me at my lowest point with a genuine concern not only for my situation, but for me and my child's well being above all… He is fair and he is strong and when push comes to shove he is there for you. Cathy Dodge
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*Results may vary depending on your particular facts and legal circumstances