LITIGATION SUPPORT
Max, owner of a thriving IT consulting firm, faced a dispute with former partner Sarah, who claimed 30% ownership following their split. To defend his position in court, Max commissioned a business valuation, which valued the firm at $2 million.
The valuation:
- Clarified Ownership: Detailed the company’s ownership structure, showing Sarah had received a fair payout during her exit.
- Highlighted Growth: Illustrated the firm’s growth and future potential, disputing Sarah’s inflated claim.
- Supported by Market Comparisons: Positioned the firm's value within industry norms, reinforcing its fairness.
Armed with the valuation report, Max and his attorney presented their case, emphasizing factual insights and the valuation’s validity. The judge ruled in Max's favor, rejecting Sarah’s claim and validating the importance of the business valuation in securing a just outcome.
Reflecting on the experience, Max appreciated the valuation not only for protecting his interests but also for solidifying the company’s foundation. With the legal dispute resolved, Max refocused on expanding his company, empowered by the lesson on the value of a comprehensive business valuation.
