This document discusses the differences between calculating lost profits damages versus business valuation damages. There are two main possibilities for calculating damages: 1) if the business is completely destroyed, damages equal the market value of the business, or 2) if the business continues operating, damages equal lost profits. An exception is if the business continues operating for a period before closing, then damages may include lost profits for a time period plus the business value from shutdown forward. The document provides examples of correctly and incorrectly applying lost profits and business valuation methodologies in damages calculations.