Business Valuations

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    Business Valuations

    Do you need legal help?

      Business Valuations

       

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        Michael has helped me tremendously.  I’ve been going through a divorce for over a year now and he’s be there every step of the way.  If I needed to contact him out of business hours, he always answers right away or calls back in a timely manner.  My divorce was and still is very stressful.  He has kept me cool and calm the whole time.  I’ve had a lot of anxiety that he took away.  Very detailed and very relaxed person.  Made me feel so much more confident than I was before I stepped into his office.

        Sierra Breese / Google

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        Michael has helped me tremendously.  I’ve been going through a divorce for over a year now and he’s be there every step of the way.  If I needed to contact him out of business hours, he always answers right away or calls back in a timely manner.  My divorce was and still is very stressful.  He has kept me cool and calm the whole time.  I’ve had a lot of anxiety that he took away.  Very detailed and very relaxed person.  Made me feel so much more confident than I was before I stepped into his office.

        Sierra Breese / Google

        Read more reviews →

        Michael has helped me tremendously.  I’ve been going through a divorce for over a year now and he’s be there every step of the way.  If I needed to contact him out of business hours, he always answers right away or calls back in a timely manner.  My divorce was and still is very stressful.  He has kept me cool and calm the whole time.  I’ve had a lot of anxiety that he took away.  Very detailed and very relaxed person.  Made me feel so much more confident than I was before I stepped into his office.

        Sierra Breese / Google

        Read more reviews →

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        Rochester Divorce Lawyer Handling Business Valuations

        Property Distribution Involving Business Valuations and Professional Assets

        Property division problems in divorce can get complicated when an interest in a small business or professional practice represents a significant part of the marital estate. If your divorce will involve the valuation and distribution of business assets, contact our experienced Rochester Divorce Lawyer for dependable advice about business valuations and the division of business assets and liabilities in a divorce.

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        We Skillfully Handle Business Valuations and Division of Business Assets in a Divorce

        While our goal in a divorce case with business or professional implications is to help our client achieve a fair portion of an accurately identified and valued marital estate, there are several intermediate objectives that first need to be accomplished when business interests are in play:

        • Correctly identify the marital or separate character of business assets
        • Develop an accurate valuation of the business, its component assets, and if not wholly owned, the divorcing spouses’ share
        • Protect the value of the business or professional practice as a going concern

        Especially when the business is a sole proprietorship, valuation disputes often arise as to assets, income and liabilities. If personal and business assets have been commingled over time, it can be especially difficult to arrive at accurate valuations and fair property distribution proposals.

        Michael D. Schmitt is an experienced Rochester Divorce Lawyer and can handle any problem in about divorce across a wide spectrum of situations: medical or dental practices property management companies, real estate agencies, accounting practices, building contractors, consulting firms, family restaurants and retail establishments of all kinds.

        Contractual commitments can sometimes affect marital rights to business assets. A prenuptial or postnuptial agreement might provide for the disclaimer of a spouse’s interest in a previously established business, or provide instead for the settlement of the interest for a specific cash sum.

        A partnership agreement in a real estate investment company or professional group might require a partner’s spouse to waive marital property interests as a condition of a partner’s membership. Our experienced Rochester Divorce Lawyer will advise you about the meaning and enforceability of these terms under New York law under the facts of your case.

        If you have questions about business valuations and division of assets in a divorce, contact our experienced Rochester Divorce Lawyer for a free consultation.

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        Client Reviews

        “Mike will end all your distrust and annoyance associated with legal proceedings. He handled my divorce and did an amazing job keeping it out of court and getting me what I wanted. He was there to talk to the whole time and made me feel he was on my side by his comments and advice. He is now representing my girlfriend for her custody battle and he was the only lawyer we would contact to handle the case. He is truly a good person which is hard to find with people associated with the law in this country. Thank you Mike for everything you have done for me and for everything you are doing for my girlfriend.”

        -Peter

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