Professional Practices & Business Interests
Family Law Attorney for Division of Professional Practice, Medical Practice or other Business at Divorce
Professional practices and business interests are typically the most difficult assets to value for purpose of property division at divorce. The components of the valuation include accounts receivable, intangible goodwill, fixed assets, and the liabilities of the business.
Significant professional practices and businesses require the services of a forensic accountant who testifies as an expert after examining the books and records of the business.
Over 18 years, I have developed relationships with accountants who specialize in forensic family law accounting. Often, it is possible for the parties to agree on the value of the professional practice or business after thorough review by an experienced forensic accountant. If settlement is not possible, then I have the experience to make sure that the Court is provided with an accurate valuation of the professional practice or business.