Business Valuations in the case of Divorce
The team at Melbourne Business Valuations understand that a divorce is one of the most stressful and hard things that anyone can go through. Even in the most amicable of divorces both parties are going through a process that is often almost as confusing as it is emotionally draining. This is especially true when a business is involved.
Our team wants to help in the way they know best. As each of our valuers have over 20 years of experience, we ensure that the extensive knowledge of industry experience used will help take care of all your business valuation needs, to give the best outcome possible.
The two parties involved in a divorce might believe that they both have the same idea of the business value but even in this case an independent business valuation is still key. Take for example Tim and Jane.
After many years of marriage and building a business together Tim and Jane are moving through the divorce process out of the courts. At the start of the process both Tim and Jane agree that their business should be valued at $200 000. But through the various twists and turns of the divorce they now have different ideas.
Tim believes that because of a potentially vulnerable supply line the true value of their business is closer to $150 000 while Jane still holds that the original value should stay. After many days of discussion both agree that they need an independent valuation of the business to reach a value that both can accept as reliable.
At the start of the divorce process, it can be hard to know what will be an issue later on. By trusting our professional and experienced team to give you an impartial and detailed valuation you can rest assured that this part of the process can be settled quickly.
Wills and Business Valuation
There can be several different issues that arise when dealing with a will. Many times the executor of a will is a close friend or family member of the deceased and this can make an already complex and stressful situation even more challenging. We know that it can feel that you do not have enough time to mourn and deal with all the legal issues a will entails.
At Melbourne Business Valuations each of our valuers have over 20 years of experience and know how to handle any situation. By choosing our team of experts to produce an impartial and independent valuation you can be assured that at least this part of your will implementation process is in safe hands.
But why would you need a business valuation? There are many different reasons that you might need a business validation when in the role of probate. Take the example of Mr. Smith. Mr. Smith had built up a very successful business over the years as well as a large family. In his will he gave his children the ability to sell the business or for siblings to buy each other out for their share of the business.
In order to determine the value of the business and thus how much each share was worth they needed an independent valuation done. The team at Melbourne Business Valuations are here to help solve issues just like this one.
Our trusted and experienced team are able to produce a detailed and certified report that will be able to put everyone's minds at ease. You can be sure that the valuation we perform will reflect the true value of any business.
Tax and Business Valuations
It might not always be clear if a business valuation is necessary. We understand that your first thought is ‘why spend my money if i don’t have to?’. That is a great question. The number one reason is security.
Something as simple as an internal restructuring can require a business valuation. The ATO can at any time decide to audit your business and if they find that a valuation should have taken place, but hasn’t you could be liable for tens of thousands of dollars in back tax and fines.
We only hire the best and our valuers are certified professionals with decades of real-world experience in their specialised field of the industry. Our detailed valuation reports provide all the information the ATO requires and is accepted as a legal and valid document.
We are the right team for your business. Unlike the ATO we are on your side and want to work with you to find the right value of your business. We listen to you and the specifics around your business to make sure our independent and unbiased report works for you.
Valuations for Small Businesses
Here at Melbourne Business Valuations we have dealt with businesses both small and big. This has given us our rich and varied experience in the world of business valuations. We know that small businesses are very important especially to the people who build them up.
We also know that many small businesses often go through minor internal restructuring. Whether it's buying out a partner or bringing a family member into the management team, there are many different reasons that require a restructure. Whatever your reason, a business valuation is indispensable.
For example, Ms. Violet had been working hard at her father’s company for several years. Her father has decided that she had proved she deserved a place as a full partner in the company. Before they could move forward with this it was decided that a full valuation of the business was required to ascertain how much Ms. Violet’s new share of the company would be worth.
That is where we come in. The professionals here at Melbourne Business Valuations have the passion and the experience to give you an independent and unbiased valuation. In the 20 years that each of our valuers have been working in the field they have learned how to get you what you need and when you need it.
Buying out a Partner
The team at Melbourne Business Valuation are aware just how difficult the process of buying out a business partner can be. When one of a business’ partners decides that it is time for them to leave, most times the price value of the business must be known before the remaining partners can buy them out.
A business partnership can come to an end for a variety of reasons. Someone might wish to retire, move to another business or have personal differences with the other partners. No matter the reason it is important that everyone involved can agree on a value as being unbiased and completely independent.
Take Mr. A and Mr. B. Both had met several years ago and eventually decided to start a small fruit sale business together. After 5 years of hard work the business they started together has grown into a successful one allowing both partners to make a comfortable living.
But owing to a personal issue between the two, Mr. B has decided that he needs to leave the business. Mr. A agrees that the best solution is for him to buy out Mr. B’s share of the company. Unfortunately, neither one can agree on what the business should be valued at. Mr. A is valuing the fruit business at a lesser value than Mr. B.
With our experience and professionalism, you can be assured that we act in an unbiased and independent manner. The reports we produce are highly detailed with extensive knowledge of the local market and all data analysis relating to the business procedures and while one side of the former partnership might like the result more than the other, neither would be able to question its impartiality.
So, give us a call today at (03) 7036 1688 or fill in the contact form and one of our team members will be in touch to get the process started.