There are various business and financial statements that are used in valuing a business. The most common documents that may be requested by a business valuation attorney or expert include:
Tax returns - typically the last two or three years
Financial statements - Current period along with last three to five years, includes income and cash flow statements and balance sheet
Business plan and organization documents
Business projections and forecasts
Business owner's discretionary earnings - personal expenses that went through the business, owner's salary, vehicle payments and more
Other documents that may be requested or helpful include recent equipment appraisals, equipment and facility photos, recent real estate appraisal or copy of lease agreement, and prior transactions. This is not an all-inclusive list, however those who own a business and are facing divorce can have a better idea of what may be needed.