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 ...
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 ...
Other Articles
"ASA Board of Governors Rejects Task Force Consolidation Proposal; Board Approves Alternative Proposal for Joining ASA and NAIFA," ASA Newsline, December 2000, Published monthly. (800) ASA-VALU.
Highlighting the ASA Advanced BV Conference
With over 300 people at the American Society of Appraiser's Advanced BV Conference in Philadelphia in November, there were enough informative presentations to satisfy the attendees' needs. Here are so ...
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 ...
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 ...
Protecting Your Valuation Expert and the Valuation Opinion
n Protecting Your Valuation Expert and the Valuation Opinion, Hood, Paul. Focus On Advanced Estate Planning Workshops . Planning for the Future, LLC. 19267 Slemmer Rd., Ste. 101, Covington, LA 7 ...
Business valuation professional standards provide criteria to evaluate expert reports
As Kumho Tire Co. v. Carmichael advises, the admissibility of expert testimony and evidence may depend upon the existence of "peer review and publication," "standards controlling" ...
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 ...
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 ...
IRS releases recommendations on valuation policies
It has long been known that there are serious deficiencies in the Internal Revenue Service's valuation policies. There is a lack of cohesiveness in valuation reporting requirements and an absence of u ...