Family Law Business Valuation Perth

Family Law Valuation Perth

Do you require a Family Law Business Valuation in Perth? If so, contact Business Reports and Values.  At BRV we have conducted several hundred valuations for Family Law matters and we are often called upon to provide expert witness reports in accordance with Family Law Rules. In fact over 80% of our business valuations are family law valuations.

Whilst valuing property in a Family Law case is mostly straightforward, business valuation for the Family Court can be anything but.

Valuing a business in the context of family law can be a complex process and typically involves determining the fair market value of the business for purposes such as divorce settlements, spousal support, or property division. Here are some key considerations and methods often used in family law business valuations:

Purpose of Valuation:

It is important to determine the specific purpose of the valuation, such as property division, divorce  calculations, or child support assessments.

Standard of Value:

There are three generally accepted approaches to valuations. These are the income approach, the asset based approach and the market approach. Within each approach are the methods used to estimate value. The approaches and methods used may or may not be applicable to a particular valuation. Sometimes the valuation will dictate the approach and method. When dealing with Family Law Valuations, the value to owner approach is sometimes the appropriate method to use. This is the intrinsic value of the business to the owner, if the business is to be retained,  rather than the hypothetical "fair market value".

Discounts or premiums should be considered when there is a discount for lack of marketability (DLOM) or a discount for lack of control (DLOC).

It is important that all the parties understand the nature of the business in question and the approach and methodologies used in valuing the business.

In our reports we explain the business and methodology used in valuing the business, and the reason or reasons why we have chosen that valuation approach.

Our reports are clear and concise and are easily understood by all parties in the Family Law matter.

It's essential to note that family law business valuations can be contentious, and it's common for both parties to have their own valuation experts. The goal is to arrive at a fair and equitable valuation that can be used in legal proceedings. Legal advice and consultation with a qualified business valuation professional are strongly recommended in such cases.

The principle of BRV Lee Goldstein has been involved in the Business Valuations and sale of Businesses since 1985. He holds a double major degree in Accounting and Finance, a Diploma in Forensic Accounting, a Graduate Diploma in Valuation (property), an Advanced Certificate of Business and an Advanced International Certificate in Intellectual Property. During this time, Lee has conducted numerous intellectual property valuations covering a diverse range of industries, and  is often called upon to provide expert testimony in judicial matters. Lee has valued businesses and intellectual property worth over $3.4 billion.

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