Property division discussions between divorcing spouses in Minnesota often become contentious, and these negotiations can be particularly challenging when one or both of the parties involved owns a business or holds a major stake in one. Placing a dollar value on a commercial venture is not always straightforward, and experts may sometimes be called in to untangle complex financial records, partnership agreements and other documents.
This kind of auditing can be expensive when the business involved is well-established, and spouses may sometimes opt for a basic calculation of value rather than seeking a more involved full valuation. When divorcing spouses are unable to reach an agreement and family law judges or arbitrators are called upon to make property division decisions, a full valuation of a sole proprietorship, partnership, LLC or corporation may be warranted. However, calculations of value could suffice when negotiations are more amicable or in less formal settings such as mediation.