Litigation Support
Litigation support is often required when a person who owns a business or has ownership in a business has a dispute with the value of that company. There are nine major reasons for litigation support on any particular business valuation, ___ as follows:
- Divorce
- Monetary Damages
- Stockholder difference of opinion
- Partnership and corporate dissolution
- Income, Gift, and Estate taxes
- Wrongful Employment cancellation, or personal injury
- Bankruptcy, and reorganization situations
- Intellectual property infringement
When you as a business owner is in a situation where you might be in a valuation-related legal battle you should retain both a qualified attorney and valuation specialist. The__ specialist should be consulted as soon as the situation arises to ensure they have ample time to A) __ determine the legal rights of the case and B) __ provide initial review of appraisal issues. A valuation professional may be asked to provide an opening opinion of the business value, as well to assess the merits of the opposing side. If required, the valuation expert may be asked to testify on his findings and opinions. This part of the support process brings into account the importance of having an appraiser who is accredited by one of the major organizations.