Sole proprietorships, joint ventures, partnerships.

–List the business name and whether it is a corporation. Also list who else may be involved in the ownership of the business and their percent of ownership. Your attorney will help you fill out the rest of that portion of the form if you are unsure what to do. This is the most difficult asset to determine it’s “fair market value”. In many cases the value is 0 but in other cases, the value may be significant. Your attorney may also discuss with you the possibility of having the business professionally appraised.