Nashville, TN family law attorney Helen Sfikas Rogers talks about how the value of a closely held business can be determined in a divorce case. She explains that one of the more challenging aspects of divorce cases is determining the value of a closely held business. Typically, this requires the use of expert testimony. One of the key roles of the attorney is to retain the most qualified expert suited to the client’s specific type of business.

The valuation expert will generally examine the business’s assets, review income and cash flow, and consider the market by analyzing comparable sales of similar businesses. From this analysis, the expert derives an estimated value of the business. She emphasizes that this process is a critical component of the litigation and can significantly influence the outcome of the case.