Family Court Service

When a client is involved in a divorce that involves a family-owned business it is imperative that they are protected from being reimbursed a disproportionately low amount for their share of business ownership.

Wives or husbands who are not involved in the business may not appreciate the true market value of a business. If they are not fully informed over a period of years about the growth and scope of a business they may not appreciate its true profitability and value to the open marketplace.

If a business is profitable then it usually has at least some goodwill. This is where an independent business valuer can step in and provide an expert valuation report which is formatted to comply with Family Court of Australia requirements.

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The contents do not constitute legal advice, are not intended to be a substitute for legal advice, and should not be relied upon as such for any purposes. You should seek legal advice or other professional advice in relation to any particular matters you or your organisation may have.