The Impact of Divorce on a Business Part 1: The Valuation Ramifications
Update: 2024-03-12
Description
Of the six D’s we talk about in business continuity planning, divorce probably gets the least amount of attention. But during divorce proceedings, business owners face an average decline in revenue of $4,000-a-month! As a result, nearly one in 20 business owners closes their doors due to the financial brunt of divorce. To discuss this important topic, we invited Roxanne Coffelt, a CPA who specializes in business valuations during divorce proceedings, to share her thoughts on how spousal business owners can get through this difficult time, while protecting the business and its value.
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