Business Valuation

When you’re going through a divorce, it becomes impossible for you and your spouse to come to a mutual agreement on any matter. It is emotionally and financially stressful. On top of that, your wife is busy calculating your assets and wants an equal part of it! Again, if you have a business then the court assigns a value to your assets and business and divides the same accordingly.

How to deal with such financial stress at this crucial moment of life? Approach the financial professionals at ThomasRoss Financial Group for business valuation services New Jersey. 

Our business valuation services New Jersey helps you in identifying the value of your business and with the help of appropriate business valuation methods, assets and business are divided among you and your spouse. 

Has your wife appointed the best divorce lawyer? Then, he has probably sent you property claim papers on behalf of your wife. Will you just accept the claims and give up all your hard-earned money? Absolutely no. At ThomasRoss Financial Group, consultants on business valuation service New Jersey is here to help you out with suggestions. 

These pieces of advice may save you from losing all your money.

Equal division of all properties

When you are getting separated, all your properties get equally divided among you and your spouse. Majority countries follow the equitable distribution method in case you have a joint asset with your spouse. 

Both of you get 50/50 of the property. This sounds easy, isn’t it? Both of you along with your respective lawyers can sort out the matter. 

Property valuation becomes difficult when it’s a business property. Even if your wife is not engaged in the business, however, she is supposed to receive a part of the property. Now how to split the same? 

Our business valuation services New Jersey will help you with this matter. They will first calculate the value of your business property and then you both can mutually decide. You both can either sell the property or divide it equally or one spouse can purchase the share of the other spouse in case there is mutual disagreement. 

Valuation of your business assets and liabilities

First, separate your marital assets from your personal assets. For tangible assets, the court checks the market value and depreciation and finds the correct value of the asset. Now you both need to decide. Who wants the office furniture or the vehicle? Sell them and divide the amount between both. 

Now if you had a patent on your name, then be assured that it’s exclusively yours and it does not come under business asset valuation. So, your wife has no share in it. To get accurate valuation of your business assets and liabilities, contact financial evaluators at ThomasRoss Financial Group.

Calculate your business income and profits

Just as your spouse has a share in business income and assets, the individual is also required to share the business loss as well. At ThomasRoss Financial Group, our team of financial consultants focus on valuing your business profits, incomes and losses until the nearest possible date of divorce. 

Now you have the updated valuation with you. Any increase in profit level, any probability of future income or any kind of debt – you know it all and inform the same to your spouse. Everything gets divided equally.

Best method for business valuation

Any financial consultant you approach uses two common types of business valuation methods namely the book value and the market value method. To divide your business assets, the consultant will calculate the value of the asset from the financial statements. 

If your wife is claiming the car instead of property, then you are at a profit. You know why? Because as per book value due to depreciation car’s value decreases and property value tends to increase. 

At ThomasRoss Financial Group, we use market valuation system and we provide the value of your business from the viewpoint of an outsider.

Approximate time taken to close business valuation

It may seem emotional to fix the actual date of your divorce, but if you look at it from the financial viewpoint, then it is extremely important. Your divorce case may go on for years. Then whatever valuation you had done in the past won’t match with the valuation on the date of divorce. It is already a complex process. Please don’t make it more complex by not able to fix the date. 

At ThomasRoss Financial Group, our consultants start proceeding with your business valuation only after you can give a fixed date of divorce. Be assured that you are getting the nearest accurate figure matching to the date of your divorce. 

Hope this blog has been informational for you. For any business valuation-related issues, call us at ThomasRoss Financial Group, our consultants are ready to help you 24/7.