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 ...
2000 in review: Tax Court FLP rulings, 3 books, much more
The U.S. Tax Court came out with a series of very favorable family limited partnership (FLP) rulings. Business Valuation Resources took several steps to better serve our constituents, and three ne ...
Our editor-in-chief chronicles five years of Business Valuation Resources activities; Many milestones in half a decade
It's been a busy five years for me since the first issue of this newsletter in October 1995! When Stacy Ison first suggested that I write a five-year anniversary column, I hadn't fully realized ...
Intellectual property valuations increasingly important
Please search the BVPapers section for a 20-page paper on Intellectual Property Valuation. Shannon Pratt: What's happening in the intellectual property (IP) world today that's affecting intellectual property valuations? Jim Rigby: First, let's define intellectual property for your readers. Intellectual property is a subset of the assets that we refer to as intangible assets. Intellectual property (IP) includes assets such as trademarks, patents, copyrights, and trade secrets. We see four primary trends that are having an effect on or that will have ...
Valuing a Business 4th edition now out; Reflects growing consensus
The fourth edition of Valuing a Business is finally available, and I am quite pleased with the resulting product. The very extensive amount of updated and new material is a testament to the ...
Mission of newsletter to help understanding of business appraisal
The mission of this newsletter is to help judges and lawyers to have a better understanding of business appraisal, including theory, methods and supporting evidence. The mission is not only to give y ...
Business valuation expert can make or break case; How to locate and evaluate qualified business appraisers
Recognition and use of professional business appraisers has risen dramatically in recent years. This is partly due to the educational programs of professional appraisal organizations and partly due to ...
Judge Laro's views on "fair market value"
Valuation is a fascinating subject because, like beauty, value is in the perception of the beholder. As early as 42 B.C., Publilius Syrus said, "Everything is worth what its purchaser will pay ...
ABA panel calls for elimination of ancillary business restrictions
By Shannon Pratt and Yazhi Li The theme of the ABA Tax Section Plenary Session was whether to do away with the rules prohibiting law firms from engaging in ancillary businesses with non-lawyer ...
Class Schedules for AICPA, ASA, IBA and NACVA posted for 2000
Every year, BVU makes an effort to publish the course schedules for the coming year from the four organizations that promote and teach business valuation courses. As well as a print version, we're off ...
'Net Asset Value' Rejected as Form of Liquidation
This appeal arose out of a cash-out merger of the minority stockholders of a closed-end investment fund known as Okeechobee Inc.
Paskill Corp. v. Alcoma Corp.
At issue is the fair market value of minority shareholder's stock at the time of a merger.
Court Denies Deduction of Trapped in Capital Gains Tax; Disallows Deduction for Liquidation Costs
This appeal arose out of a cash-out merger of the minority stockholders of a closed-end investment fund known as Okeechobee Inc. (Okeechobee).
Fair Value Cannot Be Determined Using Net Asset Value Alone
The Delaware Supreme Court ruled that a corporation valued pursuant to the appraisal statute could not be valued solely by reference to its net asset value because net asset value equates to the theoretical liquidation value. The statute states that a bu ...
Record attendance and strong presentations at AICPA BV conference
n PAINTING A MASTERPIECE – THE CREATION OF AN EFFECTIVE VALUATION REPORT Kevin Yeanoplos, CPA/ABV Beacon Valuation Group, Inc. Dressed appropriately ( see accompanying ...
Reflections on 30 years of building an organization in a rewarding profession
This column is based on a talk titled "Thirty Years of the Standard of Excellence," which I was asked to present at Willamette Management Associates' 30 th anniversary Professional Development Re ...
Its an "injustice" to say CPAs "don't understand USPAP"
I would like to comment on the article that appeared in the August 1999 issue of the BVU (p.9), interviewing Chris Rosenthal , who is the AICPA representative on the Board of USPAP rev ...
USPAP 2000 exposure draft now available Significant revisions to Standards 9 & 10; comments end Aug. 31
I encourage all readers to obtain a copy of the exposure draft of the Uniform Standards of Professional Appraisal Practice and register your comments before the end of the comment period, which en ...
20 years of accumulated thoughts from a BV profession leader
Mike Bolotsky is one of those rare individuals that has spent his entire professional working life in business appraisal, starting with the American Appraisal Princeton office in 1978. His service wit ...
Paskill v. Alcoma
At issue is the fair value of the plaintiff's cashed-out minority shareholders' shares of Okeechobee Inc., which merged with the defendant company.
Investment Company Fair Value Includes Capital Gains Tax Discount, But No Sales Expense Adjustment
This judicial appraisal action arose out of the cash-out merger of Okeechobee Inc. with its majority shareholder, Alcoma Corp.
American Institute of Certified Public Accountants
The AICPA offers two educational programs. The Business Valuation Certificate of Educational Achievement program offers a thorough overview of the business valuation profession from basic theory to ...
1999 Professional Associations Directory
The Appraisal Foundation The Appraisal Foundation is authorized by Congress as the source of appraisal standards and appraiser qualifications, which it promulgates through the Appraisal Standards ...
Judge David Laro addresses 1998 AICPA Conference
Judge Laro emphasized the importance of valuation in the tax context with an impressive statistic: Taxpayers file approximately 15 million forms per year with a valuation of some property included.
Ruminations on the 3rd anniversary: past and present converge
A while back my colleague at Willamette Management Associates, Bob Schweihs, commented, "Shannon, since you started the newsletter, you seem to have taken a new lease on life." Reflecting as we compl ...
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