Business valuation in a Michigan divorce

A business valuation in a Michigan divorce is important in making sure the division of the marital estate is fair.

After all, if you do not know the value of an asset, any proposed division is just a guess.  Michigan divorce lawyers often employ an expert accountant to conduct a business valuation in a Michigan divorce, however, not all business valuations in a Michigan divorce are the same.  There are three primary ways to conduct a business valuation in a Michigan divorce.

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The first business valuation method is book value.  Book value is based on the assets on the books minus depreciation.  This business valuation method generally results in the lowest possible value of a business because it fails to take into account intangible value such as goodwill.

Enterprise goodwill is the value associated with the established reputation of a business.  In economic terms, how a business stands out in its field and is able to generate more money that its competitors.  Personal goodwill is the value associated with the established reputation of a person.

The second business valuation method is market value or what an outside investor would pay for the business.  The market value includes the “market” value of enterprise goodwill and generally results in a higher valuation than book value.

The third business valuation method is going concern.  A going concern valuation includes a value for the business continuing to operate in the foreseeable future and includes intangible assets such as enterprise and personal goodwill.  This valuation method typically results in the highest valuation.

Note . . . be careful of the double dip when conducting a business valuation in a Michigan divorce.

We provide more information on Michigan divorce law than anyone.  We can help you develop a specific reasonable parenting time schedule in Michigan consistent with your goals.

Change is rarely easy, sometimes complicated and often emotional.   Our Michigan divorce attorneys are experienced in family law.  We utilize a team approach to focus on solutions by applying Michigan law properly.  We specialize in helping you focus on your goals, protect your property interests, manage your custody and support interest, and keep you happy in life’s most difficult circumstances.

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I have been exclusively practicing divorce and family law in Michigan for over two decades.  The attorneys at Findling Law all share the core value of practicing law to help people navigate change in their lives, without compromising principles.  We specialize in high socio-economic, high-profile and high-conflict cases, while also working with clients of all backgrounds. We recognize that the most important aspect of the practice of law is the application of the law to your specific circumstances.

That is why we provide more free information on divorce and family law than any other Michigan law firm. We want to help you manage your situation. Allow our exceptional legal team to help you navigate the change in your life, without compromising principles.

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By:  Daniel Findling

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