How Is A Business Valued In A Divorce?

A business is an asset that must be valued in order to determine a party’s net family property.  A business will be valued based on the “fair market value” of the business.  The buyer and the seller are assumed to be hypothetical and the transaction is assumed to take place under normal conditions.  The determination of “fair market value” of a business is subjective.  It is possible that different experts can review the same corporate documents and come to different conclusions about the value of a business. It is important to work with a qualified “Certified Business Valuator” in determining the fair market value of a business.

Don’t waste time and energy on trying to go through this process alone. Toronto divorce lawyers know the legal system and can help you navigate it properly. Toronto family law is not an easy task to tackle alone.