The most subjective and discretionary expense for many owner-operator businesses may be the largest: officer compensation. Whether above or below market value, disguised as other expenditures, or otherwise obfuscated, this outlay makes reasonable compensation analysis both challenging and highly subjective. In Part 3 of BVR's Advanced Webinar Series on Business Valuation in Divorce, experts James Ewart and Paul Saltzman discuss the quantification and analysis required to properly assess the reasonableness of compensation.