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This video features Jimmy Vaught, a Family Law attorney based in Texas.
Rob Rosenthal:
How is your business valued if you're going through a divorce? We asked Austin attorney Jimmy Vaught in this AskTheLawyers™ Quick Question.
Jimmy Vaught:
If there's somebody and their a one-man shop, so to speak, it’s not going to have a lot of value because let’s say, for example, that the primary person there that runs and owns the company; if that person just disappeared, that company is not going to have very much value. So, that’s a consideration in valuing. I don't know as far as bank appraisals or evaluations, but I know in family law we do use very good business valuators.
Disclaimer: This video is for informational purposes only. In some states, this video may be deemed Attorney Advertising. The choice of lawyer is an important decision that should not be based solely on advertisements.