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The Market Approach to Valuing Businesses, Second EditionThoroughly describing the theory and methodology of the Market Approach, one of the three primary approaches to business valuations, this book shows how the Market Approach relates to the Income and Asset Approaches. It is a method that is dependent on objective data and is highly favored by the IRS and the U.S. Tax Court. The book provides a step-by-step presentation of using both public- and private-company market transactions to analyze and compile the data. It's comprehensive and organized for easy reading and finding of material, with such features as sample tables of comparable (guideline)-company market data, guidance for the application of discounts or premiums, sample cases, extensive examples of its use in court cases, and a detailed directory of market information sources.