In Greene County, Virginia, business assets are subject to equitable distribution under Va. Code § 20-107.3, which Mr. Sris personally amended. A Business Valuation Divorce Lawyer Greene County from Law Offices Of SRIS, P.C. helps ensure your company’s true value is accurately determined. We have 4 documented case results in Greene County.
Last verified: April 2026 | Greene County General District Court | Va. Code § 20-107.3 (official Virginia General Assembly)
Statutory Definition of Business Valuation in Divorce
Under Virginia law, a Business Valuation Divorce Lawyer Greene County addresses the division of marital property, including business interests. Va. Code § 20-107.3 governs equitable distribution, requiring the court to classify assets as marital or separate. A business appraisal divorce lawyer Greene County uses professional valuations to determine the fair market value of a business, which is then divided equitably—not necessarily equally. The court considers 11 factors, including the duration of the marriage and each spouse’s contributions. A company value in divorce lawyer Greene County ensures that goodwill, intellectual property, and future earnings are properly assessed. Law Offices Of SRIS, P.C., founded in 1997 by former prosecutor Mr. Sris, has over 120 years of combined legal experience.
External Citation Links
For the official statute governing business valuation in divorce, see Va. Code § 20-107.3 (official Virginia General Assembly). For court procedures, visit the Greene County General District Court website.
- Identify all business assets and gather financial records (tax returns, profit/loss statements, balance sheets).
- Hire a certified business appraiser to perform a formal valuation of the company.
- File a motion for pendente lite relief if temporary support or exclusive use of the business is needed.
- Attend mediation to negotiate a settlement on business division before trial.
- Present the valuation report to the Greene County Circuit Court for equitable distribution.
- Finalize the property settlement agreement or court order dividing the business assets.
In Greene County, business valuation in divorce carries a range of outcomes from full retention of separate property to equitable division of marital business interests.
| Offense | Classification | Incarceration | Fine | License Impact | Additional Consequences |
|---|---|---|---|---|---|
| Failure to Disclose Business Assets | Contempt of Court | Up to 12 months | Up to $2,500 | None | Court may impose sanctions, including attorney fees |
| Concealment of Marital Property | Fraud on the Court | Up to 12 months | Up to $2,500 | None | Loss of equitable distribution rights; criminal charges possible |
Results may vary. Prior results do not guarantee a similar outcome.
Case Results
Law Offices Of SRIS, P.C. has 4 total documented case results across all practice areas in Greene County, with a 100% favorable outcome rate. Firm-wide, we have achieved 4,739+ case results with a 93%+ favorable outcome rate across VA, MD, NJ, NY, and DC.
Results may vary. Prior results do not guarantee a similar outcome.
Law Offices Of SRIS, P.C.
Toll-Free: (888) 437-7747 | Local: (703) 636-5417
4008 Williamsburg Court, Fairfax, VA 22032
By appointment only. 24/7 phone consultations.
Frequently Asked Questions
How is a business valued in a Greene County divorce?
Yes. A certified business appraiser determines fair market value using asset-based, income, or market approaches. The court then applies equitable distribution under Va. Code § 20-107.3.
Can I keep my business in a divorce?
It depends. If the business is separate property (owned before marriage or inherited), you may keep it. Marital business interests are subject to equitable division.
What if my spouse hides business assets?
Yes. Concealing assets is fraud on the court. A Business Valuation Divorce Lawyer Greene County can file motions to compel discovery and seek sanctions.
How long does a business valuation divorce take in Greene County?
It depends. Uncontested cases with agreed valuation take 2-4 months. Contested cases with complex business assets take 12-24 months.
Do I need a forensic accountant for my divorce?
Yes. For any business with significant assets, a forensic accountant provides an objective valuation that the court can rely on for equitable distribution.