Minority interest not the same as lack of control
Your article titled "Assignee’s interest in partnership may require discounting" in the November issue on page 6 uses a term incorrectly. The business valuation profession is trying to stop ...
Is "bottom-up" method acceptable in valuing minority interests?
Is "bottom-up" method acceptable in valuing minority interests? I just did a presentation to a large law firm. A senior partner in the firm took issue with the "bottom ...
Lack of marketability discounts suffer more controversial attacks
The apparently well-meaning Drs. John Kania and Mukesh Bajaj are at it again, espousing discounts for lack of marketability for stocks of closely held companies that are a fraction of those encountered in the real world.
ASA and IRS as BV trendsetters
ASA's IRS Initiative: An Insider's Perspective , Jay E. Fishman and Peter Barash , Business Valuation Review, June 2001, pp. 25-29. In 1997, the American Society of Appraisers (ASA) per ...
2001 ASA International Appraisal Conference, part 1
The American Society of Appraisers annual multidisciplinary conference was held in Pittsburgh, Pa., July 23-25. The theme of the conference was "Build New Bridges into the Millennium," given that this ...
Kumho broadens gatekeepers' criteria to evaluate experts
The 1993 Daubert decision, 509 U.S. 579 (1993), articulated the duty of the trial court to make a threshold determination of the reliability of expert testimony offered under FRE 702, and set fort ...
Evaluating business valuation experts
This is the second in a series of editor's columns based on Dr. Pratt's recent book, The Lawyer's Business Valuation Handbook . – LK I keep hearing stories about what seems like incredibly bad ...
Lawyers should have BV standards handy for reference
by Shannon Pratt This is the third in a series of editor's columns based on Dr. Pratt's recent book, The Lawyer's Business Valuation Handbook. – LK When you encounter a business valuatio ...