If you own a business in a large city like New York, chances are that you’ll come into a situation, either for your own business or someone else’s, where you’ll be involved in some sort of litigation. Many times, it’s due to a contract dispute and lost business because of it. When this happens, it’s best to be prepared with a NYC expert economist on your side to help you make your case and get the outcome you deserve.
What Is an Expert Economist?
A NYC expert economist is someone who is an expert in the field of economy for businesses. They understand the valuation of a business, and what makes a business money, versus what happens to make a business lose money. They know that lost revenue isn’t just money, but lost fringe benefits, lost earning capacity, or what you could have earned, not necessarily what you would have, or lost value of certain goods. A NYC forensic economist knows the true value of a loss and can explain it in a way that makes sense to a court of law, a judge or a jury so that you can get the maximum benefit owed to you.
Types of Assistance
Beyond their understanding of the true value of lost time on your bottom line, a forensic accountant can help you understand how and what you should ask the experts on the other side of the aisle. As always, when you’re involved in a case where it becomes high profile, or a large sum of money is involved, each side will have an expert witness to tell why their side of the story is the correct one. To be able to properly as an opposing economic expert the right questions to get to the truth, you need to work with your own economics expert to understand what they might say, how you need to follow up, and where you can lead them with your questioning to get to the truth about your loss.
Ultimately, you want your forensic economics new york to portray the true extent of your loss, and the true impact that those large dollars had on your ability to survive as a business. An expert economist is someone who can take big numbers, confusing topics and potential issues and turn them into something a judge or jury will react to in a way that will benefit you.