In a divorce, nearly every aspect of your life will be altered in some way. It is important to work with an experienced and knowledgeable attorney to minimize your consequences. Our Arkansas family law lawyers can provide assistance in valuing professional practices in divorce.
The main point is that if you have a professional practice — doctor, lawyer, realtor, CPA — a divorce can wreak havoc on that practice. When working through equitable property division, it is possible for a dispute to arise about which party owns how much of a business. Even if these disputes are settled amicably, there might still be a direct impact on the business itself. The continued viability of the practice itself might be in danger. An experienced attorney at Worsham Law Firm, P.A., can guide you through this process and answer any questions you might have.
Accurate Valuation Is Key
The most important thing to consider when attempting to divide a professional practice is the accurate valuation of the practice. Our attorneys have more than two decades of combined experience in business valuation and property division. We regularly call upon experts such as forensic accountants to arrive at an accurate value of the business itself. After a thorough examination as to whether the practice can be considered marital or non-marital, we can give professional advice on how best to proceed.
Contact Us
If you have questions regarding divorce and professional practices, contact us. We offer free initial consultations, are available for weekend and evening appointments, and accept all major credit cards, including American Express. Call our West Little Rock office at 501-588-8120.
