Single expert business valuations are a common practice in family law matters in Australia. A single expert valuer is an independent third-party professional who is appointed by the court to provide an objective assessment of the value of a business in a family law dispute.
Single expert business valuations have several benefits in family law matters. First, they ensure that the valuations are objective and unbiased. Single expert Valuers are independent professionals who do not have any vested interest in the outcome of the dispute. This ensures that the valuation is not influenced by any party involved in the dispute.
Second, single expert valuations can save time and money. In a family law dispute, each party may have their own expert valuer, which can result in different valuations and disputes. However, a single expert valuer can provide a single valuation that is accepted by both parties. This can save time and money in court proceedings.
Third, single expert valuations provide a clear and accurate picture of the value of the business. This can help the court make a fair and equitable decision on the division of assets in the dispute.
How Single Expert Business Valuations are Used in Family Law Matters
Single expert business valuations are used in family law matters where there is a dispute over the value of a business. This can include disputes over the value of a family-owned business, partnership, or company. The valuer is appointed by the court and is responsible for providing an objective assessment of the value of the business.
The valuer may use a variety of methods to determine the value of the business, including the asset-based approach, the income-based approach, and the market-based approach. The valuer will take into account the financial statements of the business, the industry in which it operates, and other relevant factors that may affect its value.
Once the valuation is complete, the valuer will provide a report that outlines their findings and conclusions. The report will be used by the court to make a fair and equitable decision on the division of assets in the dispute.
Single expert business valuations are an important part of family law matters in Australia. They provide an objective assessment of the value of a business, which helps to ensure that the division of assets is fair and equitable. They can save time and money in court proceedings and provide a clear and accurate picture of the value of the business. If you are involved in a family law dispute over the value of a business, contact Lee Goldstein on 1800 566 872.
The principle of Business Reports and Values, Lee Goldstein, has been involved in Business Valuations since 1985. He holds the following qualifications:
Double Major Degree in Accounting and Finance
Diploma in Forensic Accounting
Graduate Diploma in Valuation
Advanced Certificate of Business
Advanced International Certificate in Intellectual Property.
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 $3.2 billion.
Lee Goldstein has been the Triennial Certificate holder and Licensee of a Business Broking Company since 1992.