Business Valuation & Lost Profits Expert Witness
We provide expert witness testimony in business loss and business valuation cases.
We will get to know even the most niche of markets as we uncover the economic viability of the business. As an expert business loss witness and business valuation witness, we think on our feet and can dispute our counterpart’s assertions and explain in easy-to-understand terms why we feel that the opposing expert opinions are unreasonable, exaggerated, or unsubstantiated.
How can a forensic economist help?
The Knowles Group provides expert witness services to assist with a variety of business litigation cases. We offer:
- Preliminary damage assessments
- Valuation and loss calculations
- Litigation support & consulting
- Expert witness testimony
Our decades of experience in determining economic damages have given us the unique ability to not only provide expert opinions based upon scientific economic principles but convincingly testify in a court of law. We’re familiar with many experts in various fields and have strategies and counter-strategies that we can use to make our testimony more acceptable.
Areas of Business Litigation We Support
We’ve calculated lost profits and provided business valuation services on hundreds of cases throughout the United States and Canada. The Knowles Group can provide litigation consulting and expert witness testimony to help with your business case. Here are some of the case types we can support:
- Business valuation
- Calculating lost profits
- Forensic auditing
- Commercial litigation
- Fire and Water damage
- Forensic accounting
- Breach of Contract
As expert forensic auditors, we’ll look at every financial aspect of your business. We’ll review specifics concerning expense items, income, and partnerships to paint an accurate financial picture of both the company and the owners themselves.
We use a wide variety of forensic audit methods to accomplish this. From depositions and court documents to public records such as federal income tax returns, business valuation resources, and partnership agreements, we’ll determine the facts and then write our expert opinions and possibly offer compelling deposition testimony.
One of our many strong suits is our ability to rapidly analyze opposing expert opinions in a case and then offer an explanation to our clients as to why those viewpoints are flawed. Our counterparts could be offering subjective opinions that lack an objective outlook, which in turn is nothing more than an unqualified opinion.
Calculating Lost Profits
A business loss expert witness is a credentialed professional who has a particular skill-set or expert knowledge in their field. They’re invaluable for either plaintiff and defense as they can help bolster a case or argument by providing expert opinions on various subject matters.
The Knowles Group are experts at calculating lost business profits. If you have a business litigation case, you need an experienced professional that can assess a number of factors and provide compelling evidence to prove the lost business value. We are able to analyze complex economic factors that many CPAs cannot, resulting in a more thorough and complete calculation. Some of the factors we analyze include:
- Historical sales
- Variable and fixed expense ratios
Present value calculations
- Market conditions
- Industry trends
- Changes to pricing
- State of the economy
- Business reputation
We have the expertise to calculate lost profits, create trial exhibits, and provide expert witness testimony to explain the calculation at trial.
Business Valuation Services
There are numerous methods to calculate business value (Industry, Market, Cost, Income, etc.). The method chosen will strongly influence the outcome of the case, and could change the business value by several multiples. The Knowles Group are experts at business valuations that include complex economic concepts and variables. We have consulted on numerous business value cases ranging from small businesses to middle market companies.
Forensic Economist vs CPA
When searching for a business valuation expert witness or a lost profits expert witness, you will likely come across two distinct types of professionals: Forensic Economists and CPAs. It’s important to know the difference between them. When you have a tough case and need an expert with the highest qualifications, look for a forensic economist. They have advanced education and experience which allows them to assess more complex variables, which are vital to determining an accurate calculation and testifying to that at trial.
Does your case need a business loss expert witness?
Forensic Economist Expert Witness
Having an economic expert witness on your side is invaluable when it comes to legal cases involving business or employment. We can help accurately assess both individual and business losses, determine future income loss, as well as valuate businesses.
At The Knowles Group, we have over 13 years of experience helping plaintiffs and defense construct an accurate economic picture of past, and post-incident financials and losses. Our services can help bolster your arguments and explain complex economic theories in easy-to-understand layman’s terms.