Business Valuation in Divorce: Methods, Applications, Challenges, Key Strategies
A live 90-minute CLE video webinar with interactive Q&A
This CLE program will enhance family law attorneys' expertise in handling business valuations during divorce proceedings. The panel will discuss the valuation of ownership interests in small and closely held companies.
Outline
- Introduction to business valuation in divorce
- Working with financial experts
- Valuation methods and their applications
- Income approach
- Market approach
- Asset-based approach
- Identifying and addressing common challenges and discrepancies in valuation
- Analyzing financial statements and distinguishing between personal and business expenses
- Strategies for effective advocacy
Benefits
The panel will review these and other relevant matters:
- Business valuation concepts and methods
- Determining whether a business is a marital asset
- Strategies for transferring value between spouses
- Addressing personal vs. business expenses in valuations
Faculty
Gunnar J. Gitlin, J.D.
Attorney
The Gitlin Law Firm
Mr. Gitlin exclusively practices divorce and family law. He is a published author and frequent lecturer to... | Read More
Mr. Gitlin exclusively practices divorce and family law. He is a published author and frequent lecturer to family lawyers both statewide and nationally a wide variety of issues including business valuation issues in divorce cases. He is Fellow of AAML and was named by the Illinois ICLE as one of five Illinois family lawyers for their 21st Century Master Teacher's Program.
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Brian Potter
Managing Director
Stout Risius Ross
Mr. Potter is the Chicago regional leader and has provided valuation, litigation advisory, and forensic accounting... | Read More
Mr. Potter is the Chicago regional leader and has provided valuation, litigation advisory, and forensic accounting services for numerous purposes, including marital dissolutions, shareholder disputes, estate and gift taxation, purchase price allocation, Employee Stock Ownership Plans, brokerage fraud, bankruptcy, potential transactions and intellectual property valuations. He has extensive experience with intellectual property and brokerage fraud litigation, having provided advisory services in several patent infringement, misappropriation of trade secret and securities fraud matters. Additionally, Mr. Potter has been involved in the appraisal of real estate for various property types, including office, industrial and retail buildings, and vacant land. He has provided services within the context of litigation and has been trained to offer services within various alternative dispute resolution models. Mr. Potter has presented continuing education seminars on business valuation, understanding tax returns, occupational fraud, and computer forensics and e-discovery. He has also published several articles on valuation and other related topics. Mr. Potter was a contributing author to the chapter entitled “Valuation in Shareholder and Partner Disputes” in Business Valuation, published by the Law Journal Press, and to the chapter entitled “Valuation, Purchase Price, and Financing” in the 2023 edition of Business Law: Mergers and Acquisitions, published by IICLE®.
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