In a marital dissolution, shareholders’ dispute, or other legal disputes that involve property settlements wherein a business is a significant asset, a business valuation is usually obtained to either divide the business or to compensate the various parties equitably when distributing different assets. In these cases, the professional business valuator must be ready, willing, and able to support an analysis and conclusion under regulatory, administrative, or judicial review. Expert testimony is sometimes required before the IRS and before federal or state courts. The valuator must have the experience, qualifications, and credentials to be admitted to testify in these situations.
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