Welcome to BVSource.com, the internet’s most comprehensive resource dedicated to the topics of divorce and business valuation.

bvsourceIn divorce proceedings, the courts are called upon to divide marital property (or in some states, community property) between divorcing spouses. When a spouse is an owner of a family business or professional practice, the courts must determine its fair market value. Most judges and divorce lawyers are not trained in accounting, appraisal or business valuation, though they may have experience as users of those services.  That is why lawyers may engage professionals trained in business valuation to render an expert opinion. In contested divorce cases, both spouses might engage business valuators to offer competing opinions. In those cases, the judge must hear both sides and determine whose opinion is better.

Business valuation professionals often provide litigation support services for divorce lawyers in related areas, such as calculating net disposable income for child support and alimony purposes or tracing the nonmarital component of assets that might be subject to equitable distribution or division of marital or community property. Divorce lawyers and judges know a lot about these issues, but they may turn to experts to decipher complex compensation and tax questions that arise in these cases.

Divorce proceedings are not the only (or even the primary) context in which business valuation issues may arise. Business valuation becomes an important issue in determining the taxes owed by a deceased business owner’s estate. It may also be a crucial point in a buy-sell agreement between business partners, or in the context of a business acquisition, sale or merger. Court decisions in these contexts may influence the thinking of judges, lawyers and experts in divorce proceedings.

This site contains many pages describing business valuation techniques, emerging case law, hot news and issues, and commentary on these issues and more.

Legal Disclaimer

The author of this weblog site is Brian C. Vertz, Esq., MBA, AVA, a lawyer who is licensed to practice only in the states of Pennsylvania and Georgia. The information posted on this site is not intended to be legal advice, may not be accurate for your needs or in your area, and may not be relied upon by you for any purpose. No attorney-client relationship has been or will be formed unless and until you and I have signed a written agreement for legal representation. Do not send me any confidential or privileged information through this site. The information you send to me will not be considered confidential or privileged unless you have previously engaged me as your lawyer by signing a written agreement. To find out whether I may represent you, please call my assistant Kathi Kuskie at 412-471-9000.

To ensure compliance with Treasury Department regulations, we inform you that, unless otherwise indicated in writing, any U.S. Federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or applicable state and local provisions or (2) promoting, marketing or recommending to another party any tax-related matters addressed herein.

This site is a constant work in progress. Some portions are under construction; please excuse the mess, and let me know if you discover dead links or typos. I will correct them promptly. Thanks!