Family Law Attorney in Las Vegas
Professionals who specialize in determining the value of a business according to generally accepted methodologies are known as Business Valuators. These professionals, who routinely work for more than one family law attorney in Las Vegas, will often use multiple techniques to conduct a detailed inspection of the business and provide a written report of their findings. Business valuators may value a business using different valuation metrics including investment value, buyout value, book value, and cash value. Learn more about the Business Valuation process from a Divorce Lawyer in Las Vegas
There are approximately 5,000 business valuators in the United States possessing some form of accreditation. Importantly, not all accredited business valuators are certified as experts by the Clark County Family Courts. In order for their reports to be entered as evidence or for them to testify in family court cases, business valuators need to be certified as experts by the court. Your Family Law Attorney in Las Vegas should always work with Court Certified Experts.
Business Valuator Accreditations
Business Valuators must possess one or more of the following to be accredited:
- Accredited Senior Appraiser (ASA) from the American Society of Appraisers (ASA)
- Certified Valuation Analyst (CVA) from the National Association of Valuation Analysts (NACVA)
- Master in Business Administration (MBA)
- Certified Business Appraiser (CBA) from the Institute of Business Appraisers (IBA)
- Accredited in Business Valuation (ABV) from the American Institute of CPAs (AICPA)
- Certified Public Accountants (CPAs)
These accreditations each have their own set of requirements that business valuators must fulfill. Advanced examinations, years of dedicated business experience, and annual education commitments are common to all these accreditations.
The Business Valuator's Responsibilities
Understanding the limits of what a business valuator does and does not do is essential. Business valuators prepare their reports using existing financial and market related data. Unless the income and expenses of the business they are examining are clearly problematic, they will not be disputed. Business valuators will also not seek to find or locate any hidden assets
Forensic Accountants, who work under the direction of a family law attorney in Las Vegas, are engaged to determine the accuracy of financial reports when the financial details of a business are questionable. Learn more about Forensic Accountants
. Establishing the value of a business that's owned and/or managed by one or more spouses is a critical element when it comes to divorce property division
Our firm only retains accredited and court certified business valuation experts on your behalf. Las Vegas divorce attorneys
, Jennifer V. Abrams and Vincent Mayo are experienced in using business valuators and their valuation reports in ways that best protect your interests.
"It took many years for me to finally make the decision to file for divorce, but when the time came I am fortunate that I hired Attorney Abrams to represent me. Her extensive knowledge of family law and all legal processes and procedures allowed us to stay on track and keep my case moving forward even when my then husband made every attempt to stall the process in variety of ways. From start to finish her professionalism, skill set and direct, concise communication made me feel secure and allowed for a positive outcome to my case. I would be remiss if I didn't mention how wonderful the firm's administrator is. She always kept me up to date with all correspondence and was always available to coordinate any question I had, throughout the whole divorce. Thank you to Attorney Abrams and her staff."
- Susan C