Business and Divorce Attorney in Boston, Massachusetts

How is the value of a closely held business determined in a MA divorce case?

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closely held businesses are difficult to
appraise um and I always rely on my
experts to tell me the method the
methodology to appraise them and how
they can be uh divided because you can
determine the value and there may not be
the cash to buy out the party whose name
is not on the business and so you often
have to um develop a a payout schedule
that works so that the business can
maintain and also pay out the spouse who
does not have an interest in the
business
anymore

Boston, MA family law attorney Terri Partridge discusses how the value of a closely held business is determined in a MA divorce case. In dealing with business appraisals and division, she recognizes the inherent challenges and consistently turns to her experts for guidance on methodologies. The determination of value becomes critical, particularly in scenarios where there might not be enough cash to buy out the party not linked to the business. In response, she adeptly formulates a payout schedule, ensuring the business’s seamless continuity and facilitating payments to the spouse who has relinquished their interest in the business. This strategic approach underscores her commitment to maintaining the business’s financial stability and addressing the interests of all parties involved.

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