We’ve lost count of how many methods there are for determining a discount for lack of marketability (DLOM). And they all have "warts," according to Jim Alerding (Alerding Consulting LLC) and Pat Rafanelli (Grassi & Co.). Knowing what they are is key to supporting your opinion, they advise. Alerding and Rafanelli will present a session on DLOMs at the New York State Society of CPAs Business Valuation Conference on May 15 in New York City. Other sessions include valuing PTEs, fair value, the Section 2704 regs, and a discussion by Baruch Lev (New York University Stern School of Business) of The End of Accounting, a book he co-wrote with Feng Gu (SUNY Buffalo).
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