| Abstract: | The valuation of a psychological practice is important to the possibility of selling the practice to another psychologist (such as at the time of disability or retirement) and equitable distribution of assets in a psychologist's dissolution of marriage. This article discusses the foundation and factors relevant to valuing a business, and sets forth 12 principles in the context of valuing a psychological practice. When coupled with the problem of finding a buyer, it is concluded that there is, at present, a bleak sale potential for a psychological practice, and the typical psychological practice would have minimal, if any, property value (as opposed to being viewed as an income source) in dissolution of marriage proceedings. (PsycINFO Database Record (c) 2010 APA, all rights reserved) |
