The latest opinion from the Delaware Chancery Court reads like a veritable treatise on the pricing of a closely-held S corporation. In Delaware Open MRI Radiology Associates, P.A. v. Kessler, et al. (April 26, 2006), the Vice Chancellor provides his own “independent” valuation analysis, including an authoritative discussion of tax affecting that belongs beside the annals of such experts as Dr. Shannon Pratt, Z. Christopher Mercer and Franklin Fisher (all whom the V.C. cites liberally in his opinion). We’ll have an extensive write-up of the case in the forthcoming issue of the Business Valuation Update™, available to subscribers July 1.
In the meantime, don’t miss the June 8, 2006 BVR telephone conference on tax affecting, featuring a stellar expert panel—George Hawkins, Nancy Fannon, Michael Paschall and Dan Van Vleet—and covering all that you’d ever want to know about tax affecting. For more information, go to www.bvresources.com/conferences.
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