AICPA and NACVA Standards Support Normalization Adjustments in Shareholder Buyout

Business Valuation UpdateVol. 16 No. 8
Legal and Court Case Update
August 2010
3841 Surgical and Medical Instruments and Apparatus
339112 Surgical and Medical Instrument Manufacturing
dissenting shareholder

Blackburn v. TKT and Associates, Inc.
2010 WL 2035369 (S.C.)
May 24, 2010
US
State Court
South Carolina
Supreme Court
C Pierce Campbell, J Rene Josey, Louis D Nettles
Pleicones

Summary

Court requires normalization adjustment in statutory appraisal of company, pursuant to its finding that shareholder salaries were excessive and that professional BV standards require normalization adjustments in income approach.

See Also

Blackburn v. TKT and Associates, Inc.

Court requires normalization adjustment in statutory appraisal of company, pursuant to its finding that shareholder salaries were excessive and that professional BV standards require normalization adjustments in income approach.