Business Valuation Shaw Family Law is a Recognized Leader in Divorce and Family Law

Business Valuation & Divorce

Protect Yourself with a Birmingham Divorce Lawyer

The divorce process can be difficult to navigate under any circumstances. When one or both spouses own a business, the situation becomes even more challenging. At Shaw Family Law, our Birmingham divorce lawyers have been in the family law business since 1987 and have built a reputation for handling some of the most complex divorce settlements in the area. A big part of what we do is helping clients to properly assess the worth of a family business.

How Does Business Valuation Influence Support Payments?

The amount of child support and/or spousal support that one former spouse owes the other is largely determined by their respective income levels. When one of the spouses owns their own business, it can be hard to accurately establish a monthly salary. Oftentimes, business owners will use business funds to pay their personal expenses and don't take an income at all. This makes it appear as if the business owner has no income and the business is turning less profit than it actually is.

Whether this bookkeeping sleight of hand is done maliciously or not, the results can be much the same. If a proper valuation does not occur, the spouse who does not own the business is likely to wind up with a much smaller share of the marital property than they're legally owed. This can also negatively affect the amount of child support paid for the children.

Business valuation should take into account:

  • Tangible property
  • Intangible property
  • Business debts
  • Income
  • Expenses
  • Depreciation
Compassionate Family Law Attorney

"During my 30 years in the practice of Family Law, I have seen it all. The diversity of my clients and their particular circumstances has given me a broad exposure to the various circumstances and events that ultimately bring a person to a divorce lawyer. My clients are beneficiaries of those years of experience, and the expertise I have gained along the way."

- Paul Shaw

We Work in Concert with Financial Professionals

At Shaw Family Law, we've always believed in the team approach. When it comes to business valuation, cases often include enlisting the counsel of outside accountants and financial planners. Working closely with them throughout the discovery process, we're able to more accurately and efficiently assess the value of a family-owned business.

To put our Birmingham divorce lawyers to work for you, call us at (205) 259-7650.

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Why Choose Shaw Family Law, L.L.C.?

  • Av® Preeminent™ Rated by Martindale-Hubbell®
  • Named a Top Family Lawyer by Birmingham Magazine
  • Listed in Super Lawyers® by Business Alabama Magazine
  • Top 40 Under 40 by Birmingham Business Journal
  • Recognized by Bhm Biz Magazine as a Top Flight Attorney
  • Recognized by Mid-South Super Lawyers

Contact Shaw Family Law, L.L.C. Today!

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