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 CPA and Associates, Inc. also offers a complete range of accounting, taxation, and financial planning services for individuals, small business and professional corporations.