Menu Contact
Law Offices of Lisa A. Ruggieri
Schedule A Consultation 781-489-3759

Divorce focus: family business valuation and an equitable result

If you worked hard to establish a Massachusetts business and make its ongoing operations profitable (either by yourself or working together with your spouse), you certainly have an avid interest in how that enterprise will be handled if you and your partner decide to divorce.

A recent Forbes article speaks to that, with primarily a female audience in mind. Much of its subject matter applies with equal force to male spouses as well, though, and we pass along some of the central points to what we reasonably believe is a broad audience of relevant readers, without regard to gender.

 

Here is one of those points -- perhaps the most fundamental takeaway of all -- stated as an admonition: take greatest pains to avoid skimping even remotely on the arduous and likely time-consuming work involved in accurately gauging the value of your business.

After all, the amount ultimately attached to the enterprise will be the baseline around which virtually all financially related negotiations will play out.

So you need to get it right, with close consideration of many factors focused upon profits, debts, financing arrangements, inventory, goodwill, the respective contributions of both spouses and more.

And then, stresses the Forbes piece, you might reasonably want to "take a second look."

That might optimally be through the eyes of a forensic accountant recommended by a seasoned family law attorney. Ideally, the lawyer you have retained to safeguard your interests and fully promote your rights in the divorce process will command proven acumen in business-related property division matters.

There is lot to think about when a business features in divorce. An experienced family law attorney can help with the heavy lifting.

 

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact Our Law Firm

To make an appointment, call 781-489-3759 or send an email to schedule an initial consultation. We serve clients throughout the Boston area. Our firm can take your call 24 hours a day and meet with you during business hours, evenings and weekends. For your convenience, we accept Visa and MasterCard.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Location

27 Mica Lane, Suite 101
Wellesley, MA 02481

Phone: 781-489-3759
Phone: 781-239-8984
Fax: 781-239-8986
Wellesley Law Office Map

Law Offices of Lisa A. Ruggieri

Phone/Fax

781-489-3759 781-239-8986 - Fax