When a spouse has any interest in a professional practice or ownership in a business, this asset may need to be valued and distributed as a part of the divorce. Generally, the person managing the business is required to buy out his spouse’s interest in the business. Attorneys realize that using a CPA is invaluable in determining the client’s business valuation. Valuations can be detailed reports or “ball parked” estimates, depending on the needs and agreement of the parties.
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Carlisle Dorafshani Wohl & Associates, Inc. also offers a complete range of accounting and taxation for small businesses and professional corporations.