🏢 Business Interests & Valuation in Ontario Family Law
Navigating the division of business assets during a divorce can be complex. Whether you’re a sole proprietor, a shareholder in a private corporation, or jointly operating a family business, it’s essential to understand how Ontario’s family law treats business interests.
🔍 Understanding Business Valuation
In Ontario, the Family Law Act mandates the equalization of net family property upon separation. This includes the valuation of any business interests held by either spouse.
Valuation methods commonly used include:
- Liquidation Value: Assesses the net value if the business were sold off immediately.
- Going Concern Value: Considers the business’s future earning potential and intangible assets like goodwill.
Courts often prefer the method that reflects the business’s reality and provides a fair assessment.
🛠️ Our Approach
With over 35 years of experience, we:
- Collaborate with Certified Business Valuators (CBVs) and forensic accountants.
- Analyze financial statements, tax returns, and other relevant documents.
- Assess factors like share growth during the marriage and spousal income derived from the business.
- Develop strategies for buyouts or continued joint ownership, depending on the client’s goals.
🤝 Tailored Solutions
Every business is unique. We offer personalized strategies, whether it’s:
- Negotiating a buyout.
- Structuring co-ownership agreements.
- Protecting the business from potential disruptions during the divorce process.
📞 Contact Us
If you’re facing a divorce involving business assets, reach out for a consultation:
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Phone: 416-591-1354
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Email: Contact Form
We’re here to guide you through every step, ensuring your business interests are safeguarded.