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Under Minnesota law there’s no one set way to value a business. A lot of business valuation experts will say it’s more of an art than a science and the values can be wide ranging. The court listens to evidence, usually from a business valuation expert, and is supposed to also consider the factors that are set forth in the Internal Revenue Service. Which is a multitude of factors about the business, the nature of the business, industry outlook, the book value of the company, just to name a few, but the court has a lot of discretion in how it values the business.
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Minneapolis family law attorney Laurie Mack-Wagner explains how to determine the value of a business.