When spouses seek a divorce and one or both of them owns a business, the division of property and … Show More distribution of assets can be a bit complicated. You will want to protect your stake in the business and ensure that there is an equitable distribution of assets. Your best plan of action is to find a family law attorney with solid experience in business valuation cases.The court has broad discretion in determining the value of the business. There are three well-accepted valuation methods: 1.) cost approach, 2.) income approach and 3.) market approach. While the courts have not set a specific formula, the Minnesota Supreme Court has established that for determining the value of a closely held …Read More »
Sponsored answer by Laurie Mack-Wagner
