In Henrico County, business valuation in divorce follows equitable distribution under Va. Code § 20-107.3, personally amended by Mr. Sris. A Business Valuation Divorce Lawyer Henrico County from Law Offices Of SRIS, P.C. protects your company’s worth. 21 total documented case results across all practice areas (100% favorable outcome rate).
Last verified: April 2026 | Henrico County General District Court | Va. Code § 20-107.3 (official Virginia General Assembly)
Virginia is an equitable distribution state, not a community property state. Under Va. Code § 20-107.3, the court divides marital property — including business interests — fairly but not necessarily 50/50. The statute considers 11 factors, including the value of each spouse’s separate property, the duration of the marriage, and each party’s contributions to the business. Mr. Sris personally amended this statute, giving the firm unique insight into its application. A business appraisal divorce lawyer Henrico County from SRIS, P.C. ensures your business valuation is accurate and your interests are protected.
For business valuation in divorce, the court relies on professional appraisals to determine the fair market value of a company value in divorce lawyer Henrico County cases. The valuation date is typically the date of the parties’ separation, not the date of trial. Virginia courts consider both tangible assets (equipment, inventory, real estate) and intangible assets (goodwill, intellectual property, client lists) when valuing a business. The burden is on the party claiming a business is marital property to prove its value.
Review the official statute: Va. Code § 20-107.3 (equitable distribution — Virginia General Assembly). For court procedures, visit the Henrico County General District Court website.
Henrico County Circuit Court handles all divorce and equitable distribution matters. The court requires a corroborating witness for uncontested divorces. For business valuation cases, the court typically orders a neutral forensic accountant or allows each party to hire their own experienced. The process involves discovery of financial records, depositions of business owners, and potentially a trial on valuation issues.
- File a complaint for divorce in Henrico County Circuit Court, including a request for equitable distribution of business assets.
- Serve the complaint on your spouse and provide financial disclosure, including business tax returns, profit/loss statements, and balance sheets.
- Engage a certified business appraiser (CBA) or forensic accountant to value the business as of the date of separation.
- Attend mediation or a settlement conference to negotiate the division of business assets without trial.
- If no settlement is reached, present your valuation evidence at a hearing or trial before the judge or commissioner.
- Receive a final decree of divorce that incorporates the court’s equitable distribution order regarding the business.
In Henrico County, business valuation in divorce determines how marital business assets are divided under equitable distribution. There are no criminal penalties, but financial consequences can be significant.
| Issue | Classification | Financial Impact | Additional Consequences |
|---|---|---|---|
| Business undervaluation | Civil (equitable distribution) | Loss of fair share of business value | Potential for future modification if fraud is proven |
| Business overvaluation | Civil (equitable distribution) | Paying more than fair share to spouse | Difficulty in meeting support obligations |
| Hidden business assets | Civil (contempt of court) | Court-ordered sanctions and attorney fees | Possible criminal referral for perjury |
Results may vary. Prior results do not guarantee a similar outcome.
Law Offices Of SRIS, P.C. was founded in 1997 by former prosecutor Mr. Sris. The firm has over 120 years of combined legal experience and has documented 4,739+ case results firm-wide across VA, MD, NJ, NY, and DC, with a 93%+ favorable outcome rate. Mr. Sris personally amended Va. Code § 20-107.3, Virginia’s equitable distribution statute, giving the firm unparalleled authority in business valuation divorce cases. The firm’s tagline is “Advocacy Without Borders.”
In Henrico County, Law Offices Of SRIS, P.C. has 21 total documented case results across all practice areas, with a 100% favorable outcome rate. Firm-wide, the firm has 4,739+ documented 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.
Our Richmond location serves clients at Henrico County courts (4301 East Parham Road). We are accessible via I-64, I-95, I-295, Route 250 (Broad Street), Route 1, and Route 33. If you need a Business Valuation Divorce Lawyer Henrico County near Short Pump Town Center or Innsbrook Corporate Center, we are nearby. We serve Glen Allen, Short Pump, Innsbrook, Tuckahoe, Highland Springs, and Mechanicsville (partial).
24/7 phone consultations — (888) 437-7747 — meetings by appointment only.
Toll-Free: (888) 437-7747 | Local: (804)201-9009
7400 Beaufont Springs Dr, Suite 300, Rm 395, Richmond, VA 23225
By appointment only.
Q: How long does a divorce with business valuation take in Henrico County?
It depends. An uncontested divorce with a signed separation agreement takes 2-4 months. A contested divorce with business valuation takes 12-24 months due to the complexity of appraising and dividing business assets.
Q: How much does a business valuation divorce cost in Henrico County?
Yes, costs vary. The Circuit Court filing fee is approximately $86. A professional business appraisal typically costs $5,000-$15,000. Attorney fees depend on the complexity of the case and whether it goes to trial.
Q: Is Virginia a community property state for business assets?
No. Virginia is an equitable distribution state. The court divides marital business assets fairly but not necessarily 50/50. The court considers 11 factors under Va. Code § 20-107.3, which Mr. Sris personally amended.
Q: How is a business valued in a Henrico County divorce?
The court uses professional appraisers who apply methods like asset-based, income-based, or market-based valuation. The valuation date is typically the date of separation. Both parties may hire their own experts.
Q: Can I keep my business in a Henrico County divorce?
It depends. If the business is marital property, the court can award it to one spouse and offset the other spouse’s share with other assets (cash, real estate, retirement accounts). A buyout arrangement is common.
For more information, visit our Virginia Family Law Lawyer hub page. See also our Chesterfield County Family Law Lawyer and Hanover County Family Law Lawyer pages. For other legal needs in Henrico County, see our Henrico County Criminal Defense Lawyer and Henrico County DUI Lawyer pages. Meet our attorneys: Bryan Block.
Last verified: April 2026. Information updated as of 2026-04-15. Laws change — contact Law Offices Of SRIS, P.C. at (888) 437-7747 for current guidance.