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Marital disputes often involve complex financial matters, especially in cases where the couple owns a business together. Family Mediation Buckingham can be an effective way to resolve these disputes in a more amicable and cost-effective way than going to court. Barclaydevere Family Mediation Buckingham, can help divorcing couples navigate these complexities and reach a fair resolution.
Business valuation
Determining the value of the business is a complex issue that requires a thorough analysis of the company’s assets, liabilities, and potential for growth. This process often requires input from financial professionals such as accountants and business valuation experts.
Division of assets
Once the business’s value is determined, the couple has to decide how to divide the company’s assets. This decision can be complicated if one spouse played a more significant role in the business’s success or if one spouse wants to continue running the company while the other wants to sell.
Business operations
If one spouse will continue running the business, they will need to consider how to buy out the other spouse’s share of the business, how to share profits, and how to make decisions about the company’s future.
Divorcing couples who own a business can benefit from choosing mediation to resolve their disputes.
Cost-effective
In many cases, mediation is less expensive than hiring attorneys and going to court. Couples can split the cost of the mediator, and the process can usually be completed more quickly than traditional litigation.
Confidentiality
Mediation provides privacy for the couple’s financial information and negotiations. Only the couple and the mediator are present during sessions, and nothing said in mediation can be used against either one in court.
Control
Mediation allows the couple to have more control over the outcome of their dispute. They can work together with the mediator to find solutions that meet their needs and the needs of the business.
Barclaydevere Family Mediation Buckingham offers the following services to help divorcing couples with business interests:
Business valuation
The mediator can provide information about financial professionals who can help the couple determine the business’s value. They can also provide guidance on how to best present the financial information to make negotiations more straightforward.
Division of assets
The mediator can help the couple explore creative solutions for dividing business assets. They can help the couple evaluate different options and come up with a plan that works for both of them.
Business operations
The mediator can help the couple develop a plan for how they will operate their business after the divorce. This plan can address issues like decision-making, how profits will be shared, and any other concerns the couple may have.
Divorcing couples with business interests can face many challenges when trying to separate their finances. Mediation can be an effective way to navigate these challenges and come to a resolution that works for everyone. If you are going through a divorce and would like more information about how Barclaydevere Family Mediation Buckingham can help, contact us today.