First, if there is a business involved in the divorce, it is important to strongly consider hiring an expert. A business valuation is nothing more than getting someone with the right background to say what the business is worth and why. Generally, it is distilled down to a report that can be introduced into evidence in a case. A lawyer cannot guess and without knowledge, everyone is shooting in the dark wondering what that business is worth. In community property states like Nevada, the business is usually a community asset subject to equal division at divorce. Often, one spouse is going to keep the business and the other is not – but that other spouse that is walking away is entitled to know what the business is worth to address what is fair for that spouse’s interest. Even if only one spouse “worked” the business, if it was started during the marriage, the business is likely community property.