BVR is pleased to announce a special four-hour web workshop, A Masterclass in the Valuation of Family Limited Partnerships and LLCs, on December 5, featuring leading experts on the topic, Bruce Johnson and Jim Park (Munroe, Park & Johnson Inc.) and Spencer Jeffries (Partnership Profiles). They will present case studies on valuing noncontrolling, nonmarketable FLP and LLC interests that hold real estate, marketable securities, and mixed assets. They will also discuss where to get objective data to support discounts for lack of control and lack of marketability. Speaking of data, BVR now offers two sources of closed-end fund data commonly used to derive discounts for lack of control for FLPs and LLCs:

• “2019 Closed-End Fund Report: Fixed Income Securities.” Use this report to compare privately held family limited partnerships (FLPs) and LLCs that hold money market funds, certificates of deposit, government bonds, municipal bonds, corporate bonds, or other fixed income investments; and
• “2019 Closed-End Fund Report: Stocks and Equity Investments.” Use this report to compare privately held FLPs that hold common stock, preferred stock, mutual funds, REITs, or other corporate equity investments.