Valuing A Business Or Professional Practice In Divorce
A professional practice is a business, but the valuation of a professional business is different from a bricks-and-mortar business. That value must be accurately and fairly measured.
To accomplish that, some of the questions that must be asked include the following:
- How close is the professional to retirement?
- Will the future income stream continue at its present level?
- Is there any residual value in the practice’s other assets, such as the facility, equipment, patient or customer list?
- In some professions (such as dentistry), there is an active market for established practices. Is that the case in this situation?
The attorneys at DeShon Laraye Pullen PLC, are experienced and knowledgeable and can help you determine the information necessary to properly value a professional practice. When necessary, they retain experts such as a business evaluation specialist with experience in the professional field in question or an accountant, who can assist with the valuation issues.
We Protect Your Rights And Interests
In some divorces involving professional practices, one spouse makes significant sacrifices to put the other spouse through graduate school. We will analyze these contributions and provide vigorous representation to protect your rights and obtain a fair settlement, including spousal maintenance and division of community assets.
Contact A Lawyer
To schedule a consultation about a divorce involving a professional practice in Arizona, contact DeShon Laraye Pullen PLC, in Phoenix.