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Chandler Valuing Professional Practices and Businesses

One of the most complex parts of a divorce is the division of property. However, many people do not fully understand that this means just about everything must to be divided, including the value of professional practices and businesses owned by one or both spouses. At Wilson-Goodman Law Group, PLLC, we are ready to help you through this process. Call today when you need a Chandler property division attorney to value your professional practice or business.

Let Wilson-Goodman Law Group, PLLC get to work today

At Wilson-Goodman Law Group, PLLC, we have more than two decades of experience handling these matters for clients.

  • We strive to offer quality service to every client. From the prompt response to e-mails and phone calls, to clear and understandable communication about even the most complex valuations, you can count on timely and informative responses.
  • We have an extensive network to help us get a proper valuation of businesses and practices.
  • Our firm offers reasonable rates and strives to resolve all legal issues as effectively and efficiently as possible.

Why do you need an attorney?

Valuing professional practices and businesses can become incredibly complex and contentious. This process will involve lawyers from both parties as well as valuation experts to consider the unique variables of your particular case. Your attorney will:

  • Properly evaluate which system of valuation should be used for your case.
  • Determine what the proper valuation date should be.
  • Handle all negotiations with the other spouse’s legal team.
  • Work to ensure the distribution of the valuation happens in an equitable manner.

How are professional practices and businesses valued?

Many divorcing couples have to contend with valuations of professional practices and businesses, whether they are co-owned or not. In Arizona, judges have the discretion to decide these issues, and they will examine specific factors unique to each case. Two major factors that go into valuation are the valuation date and the standard of value.

The valuation date is important because it determines the point at which the value will be calculated. There are a number of dates that could be considered, including:

  • the fiscal year-end date of the entity closest to the petition for divorce
  • the end of the month preceding the date the petition was filed
  • the date closest to the divorce trial

If a date cannot be agreed upon by both parties, the court may use valuations form differing dates for the divorce process.

There are typically two types of standards of value commonly used in these cases. This includes the fair market value and the fair values standard.

We are ready to get to work

If you are going through a divorce and you or your spouse have a professional practice or business, you need to seek legal assistance immediately. At Wilson-Goodman Law Group, PLLC, we understand the importance of properly valuing practice and businesses so property can be divided equally. We will work to ensure this process is done properly and that you are treated fairly. This needs to be completed correctly the first time so that you can move on with your life. When you need a Chandler attorney for valuing professional practices and businesses, you can contact us to schedule a one-on-one appointment to discuss your case by clicking here or by calling (480) 503-9217.