What does the process of mediating the valuation of a business look like?
Sometimes, people wonder how to address the value of a business during mediation, especially if one or both parties own a business that needs to be included in the asset list. It’s crucial to assess the business’s value and determine whether it will be distributed as part of the divorce settlement.
We typically approach this in a few ways. One option is to bring in a forensic accountant who specializes in business valuations. We work with professionals who do this regularly to ensure an accurate assessment. Alternatively, the parties can agree on a value themselves, share the income stream from the business, or even waive the business’s value in favor of a cash flow plan that accounts for the income generated by the business.
Regardless of the method chosen, evaluating the business’s value is an essential factor in mediation, collaborative law, or any divorce process.
Don’t hesitate to reach out via email at info@miller-law.com or call us at (914) 685-9805. Thanks for listening!