Posts belonging to Category Business Valuation

A Conversation between Joe Sorge and Mark Baer Regarding ‘Divorce Corp.’: Part 2 of a Series

This is the second of a series of articles wherein I share a conversation I had with the executive producer and director of “Divorce Corp.” wherein we discussed the 58 reasons why I was unable to endorse the film.  Since my last article covered points 1 through 5, I will start this article with my […]

A Conversation between Joe Sorge and Mark Baer Regarding ‘Divorce Corp.’: Part 1 of a Series

As I mentioned in my last article titled “The Hidden Agenda Behind the Making of ‘Divorce Corp.,’” as a condition for watching the movie prior to its release, I agreed to “keep the specific contents and storylines in the movie confidential” until the film’s release. The world theatrical premiere of “Divorce Corp.” was held in […]

The Hidden Agenda Behind the Making of “Divorce Corp.”

On January 9, 2014, My Advocate Center will be hosting the world premier of a documentary film titled “Divorce Corp.” The following day, the film will be released in theaters around the country. AMC’s synopsis of the film is as follows: “A shocking exposA of the inner workings of the $50 billion a year U.S. […]

The benefits of seeing a therapist during time of divorce

“When two people decide to get a divorce, it isn’t a sign that they ‘don’t understand’ one another, but a sign that they have, at last, begun to. “ Helen Rowland   For yourself: Divorce is not a pleasant experience by any stretch of the imagination. It touches upon many areas: financially, family, friends, children, community, […]

Do Courts Dispense Justice?

Anyone who truly believes that justice is dispensed in court is in the Twilight Zone. Assuming they function properly, courts apply the law. Who makes the law they apply? Man! Who says the law is just? In fact, the law differs from jurisdiction to jurisdiction. Which is just and to whom? Courts do NOT dispense […]

MY SPOUSE AND I OWN A BUSINESS TOGETHER.

Businesses have value and are considered assets for division pursuant to the equitable distribution law.  Typically, in a divorce, an accountant (or more than one, if each spouse hires his/her own) values the business.  The accountant, among other things, reviews the tax returns, books and records of the business for several years, obtains information from […]

THE POWER OF QUICKEN

Every divorce case is a financial planning negotiation and requires the development of detailed budget, asset and liability information.  Assets and liabilities are relatively easy to pin down with documents and appraisals.  Accurate budget information is another thing altogether. Clients are usually told to sit down with their checks and credit cards and average the […]

The Cash Business in Divorce

If you are getting a divorce and your spouse has a closely held business that receives a significant amount of revenues in cash, you should be concerned about cash taken out of the business that is not reported. What can be done to account for this missing income, especially if your spouse is less than […]