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Partnership Dissolutions
Many commercial properties are owned by entities which ultimately reflect a partnership in investment. They can be held in companies as trustees for a trust or by individual names. Regardless of the proprietorship structure, the time comes when one part proprietor needs to buy out another. In such circumstances an independent valuer is often called in to assess the market worth of the property.
Many businesses are also ultimately owned in a partnership structure of some sort and once again a business valuer is appointed to value the business.
Partnership dissolutions are often stressful and the pressure on the relationship is considerable. In the absence of a pre determined break up price for the asset the best way to determine value is to appoint an expert to value the asset and ensure an equitable end to the venture with a fair price paid and received for the property, the business or the building.
