NYC family law attorney S. Susan Gross explains how a business valuation is determined in a divorce. She explains that there are numerous methods to value a business in a divorce, and the approach depends largely on the type of business involved. In most cases the firm handles, they retain business valuation experts, selecting from a curated list to ensure the right expert is matched to the specific case and asset. Once an appropriate expert is chosen, they work closely with them to determine the business’s value, gain a thorough understanding of its operations, and decide how to address it within the divorce proceedings. The valuation approach varies depending on the type of business—for instance, a professional practice is valued differently than a hedge fund. The firm ensures the expert has all necessary information and materials to complete the valuation accurately. In some cases, they are able to agree with the opposing side on a neutral expert, but whether a neutral is appropriate or a dedicated expert is needed is determined on a case-by-case basis.