Valuation Of Closely Held Businesses

Author : Shannon P. Pratt
Publisher : McGraw-Hill Professional Publishing
Page : 774 pages
File Size : 43,5 Mb
Release : 1989
Category : Business & Economics
ISBN : 155623127X

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Valuing a Business by Shannon P. Pratt Pdf

The book serves three purposes: a comprehensive reference and update for currently active business appraisers, a complete self-contained text for both academic courses and beginning practitioners, and an easy-to-use reference for nonappraisers who use and/or evaluate business appraisals. Updated and revised, Valuing a Business, Third Edition, includes theoretical principles and practical techniques for effective business valuation, including the valuation of limited liability corporations, S corporations, and partnerships; greatly expanded treatment of valuation approaches and methods; new and expanded chapters on minority control and lack of marketability issues; a new checklist on reviewing a valuation report, designed for nonappraisers as well as active practitioners; hundreds of new data sources and bibliographical references; dozens of additional court case references; a new three-chapter section on valuing intangible assets; and new chapters on valuations for ad valorem taxes and income tax planning.

Author : Shannon P. Pratt
Publisher : McGraw-Hill Education
Page : 0 pages
File Size : 50,9 Mb
Release : 2008-01-11
Category : Business & Economics
ISBN : 0071441808

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Valuing a Business, 5th Edition by Shannon P. Pratt Pdf

Capitalize on All the Latest Legal, Financial, and Compliance Information Needed to Analyze and Appraise Any Business For over 25 years, Valuing a Business has provided professionals and students with expert business valuation information, offering clear, concise coverage of valuation principles and methods. Over the decades, the book's unsurpassed explanations of all valuation issues have made it the definitive text in the field, against which every other business valuation book is measured. Now updated with new legal, financial, and compliance material, the Fifth Edition of Valuing a Business presents detailed answers to virtually all valuation questions_ranging from executive compensation and lost profits analysis...to ESOP issues and valuation discounts. Written by Shannon Pratt, one of the world's leading authorities on business valuation, this updated classic offers a complete “one-stop” compendium of information on the full range of valuation concepts and methods. Valuing a Business contains step-by-step discussions and analyses of: Business Valuation Standards and Credentials Defining the Assignment Business Valuation Theory and Principles Gathering Company Data Site Visits and Interviews Researching Economic and Industry Information Analyzing Financial Statements Financial Statement Ratio Analysis Income, Market, and Asset-Based Approaches to Valuation The Capitalized Excess Earnings Method Premiums and Discounts Writing and Reviewing Business Valuation Reports Valuing Debt Securities, Preferred Stock, Stock Options, and S Corporation Stock Valuations for Estate and Gift Tax Purposes Buy-Sell Agreements Valuations for Income Tax Purposes Valuation with Employee Stock Ownership Plans Valuations for Ad Valorem Taxation Dissenting Stockholder and Minority Oppression Actions Valuations for Marital Dissolution Purposes Litigation Support Services Expert Testimony Arbitration and Mediation This landmark reference also presents a wealth of recent court cases for each valuation area, which together provide a comprehensive overview of all the legal rulings and trends in the field of business valuation.

Author : Michael S. Long,Thomas A. Bryant
Publisher : Oxford University Press
Page : 289 pages
File Size : 53,5 Mb
Release : 2007-11-26
Category : Business & Economics
ISBN : 9780198041276

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Valuing the Closely Held Firm by Michael S. Long,Thomas A. Bryant Pdf

A closely held firm is not a smaller version of a large public firm, anymore than a child is a miniature adult. Recognizing that value comes from the ability to generate future cash flows, this book emphasizes the differences between the large and small firms when presenting the concepts to value the closely held firm.

Author : Z. Christopher Mercer,Travis W. Harms
Publisher : John Wiley & Sons
Page : 291 pages
File Size : 51,8 Mb
Release : 2007-09-24
Category : Business & Economics
ISBN : 9780470178669

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Business Valuation by Z. Christopher Mercer,Travis W. Harms Pdf

Praise for Business Valuation: An Integrated Theory, 2nd Edition "The Second Edition of Business Valuation: An Integrated Theory manages to present the theoretical analysis of valuation from the first edition and expand on that discussion by providing additional guidance on implementing the relevant valuation theories, notably in its expanded discussion of the Quantitative Marketability Discount Model." —Dr. David Tabak, NERA Economic Consulting Your Essential Valuations Reference Whether you are an accountant, auditor, financial planner, or attorney, Business Valuation: An Integrated Theory, 2nd Edition enables you to understand and correctly apply fundamental valuation concepts. Thoroughly revised and expanded, the Second Edition demystifies modern valuation theory, bringing together various valuation concepts to reveal a comprehensive picture of business valuation. With the implementation of new accounting pronouncements mandating the recognition of numerous assets and liabilities at fair value, it has become critical for CPAs charged with auditing financial statements to understand valuation concepts. With thoughtful and balanced treatment of both theory and application, this essential guide reveals: The "GRAPES of Value"-Growth, Risk and Reward, Alternative Investments, Present Value, Expectations, and Sanity The relationship between the Gordon Model and the discounted cash flow model of valuation The basis for commonly applied, but commonly misunderstood valuation premiums and discounts A practical perspective on the analysis of potential business acquisitions Grounded in the real world of market participants, Business Valuation, 2nd Edition addresses your need to understand business valuation, providing a means of articulating valuation concepts to help you negotiate value-enhancing transactions. If you want to get back to valuation basics, this useful reference will become your guide to defining the various levels of value and developing a better understanding of business appraisal reports.

Author : Gary R. Trugman
Publisher : John Wiley & Sons
Page : 1230 pages
File Size : 41,8 Mb
Release : 2017-12-11
Category : Business & Economics
ISBN : 9781945498305

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Understanding Business Valuation by Gary R. Trugman Pdf

This fifth edition simplifies a technical and complex area of practice with real-world experience and examples. Expert author Gary Trugman's informal, easy-to-read style, covers all the bases in the various valuation approaches, methods, and techniques. Author note boxes throughout the publication draw on Trugman's veteran, practical experience to identify critical points in the content. Suitable for all experience levels, you will find valuable information that will improve and fine-tune your everyday activities.

Author : Shannon P. Pratt,Robert F. Reilly,Robert P. Schweihs
Publisher : Unknown
Page : 960 pages
File Size : 54,8 Mb
Release : 2000
Category : Corporations
ISBN : OCLC:1084358973

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Valuing A Business by Shannon P. Pratt,Robert F. Reilly,Robert P. Schweihs Pdf

Entirely revised and up-to-date; this key reference presents a set of instructions for executing any business valuation project. --

Author : Gary R. Trugman
Publisher : Unknown
Page : 626 pages
File Size : 47,8 Mb
Release : 2008
Category : Business enterprises
ISBN : NWU:35556039755053

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Understanding Business Valuation by Gary R. Trugman Pdf

Author : Shannon P. Pratt
Publisher : John Wiley & Sons
Page : 429 pages
File Size : 52,6 Mb
Release : 2006-02-22
Category : Business & Economics
ISBN : 9780471775416

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The Market Approach to Valuing Businesses by Shannon P. Pratt Pdf

Your Best Approach to Determining Value If you're buying, selling, or valuing a business, how can you determine its true value? By basing it on present market conditions and sales of similar businesses. The market approach is the premier way to determine the value of a business or partnership. With convincing evidence of value for both buyers and sellers, it can end stalemates and get deals closed. Acclaimed for its empirical basis and objectivity, this approach is the model most favored by the IRS and the United States Tax Court-as long as it's properly implemented. Shannon Pratt's The Market Approach to Valuing Businesses, Second Edition provides a wealth of proven guidelines and resources for effective market approach implementation. You'll find information on valuing and its applications, case studies on small and midsize businesses, and a detailed analysis of the latest market approach developments, as well as: A critique of US acquisitions over the last twenty-five years An analysis of the effect of size on value Common errors in applying the market approach Court reactions to the market approach and information to help you avoid being blindsided by a litigation opponent Must reading for anyone who owns or holds a partial interest in a small or large business or a professional practice, as well as for CPAs consulting on valuations, appraisers, corporate development officers, intermediaries, and venture capitalists, The Market Approach to Valuing Businesses will show you how to successfully reach a fair agreement-one that will satisfy both buyers and sellers and stand up to scrutiny by courts and the IRS.

Author : ASA Educational Foundation,Shannon P. Pratt
Publisher : McGraw-Hill Education
Page : 1200 pages
File Size : 42,7 Mb
Release : 2022-03-22
Category : Business & Economics
ISBN : 1260121569

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Valuing a Business, 6th Edition: The Analysis and Appraisal of Closely Held Companies by ASA Educational Foundation,Shannon P. Pratt Pdf

The go-to valuation guide for more than 30 years has been updated with need-to-know information about taxes, financial reporting, compliance, and more When it was first published in 1981, Valuing a Business set a new standard in business publishing. Now in its sixth edition, this landmark guide is essential for anyone involved in business valuation—from CEOs, accountants, and lawyers to judges, financial planners, and small-business owners. Covering both the concepts of business valuation and practices for doing it right, this is by far the most comprehensive book on the subject. Valuing a Business, Sixth Edition provides detailed answers to virtually every question on the topic, ranging from executive compensation and lost profits analysis to ESOP issues and valuation discounts. Updates include: * Hundreds of new court decisions shedding new light on aspects of valuation * Checklists for reviewing reports—perfect for practitioners and attorneys * Risk-measurement methods for estimating cost of capital * Data sources for estimating discounts for lack of control, liquidity, and marketability* New chapters on fairness opinions/solvency opinions and valuation of REITs

Author : Shannon P. Pratt
Publisher : John Wiley & Sons
Page : 386 pages
File Size : 44,6 Mb
Release : 2004-03-15
Category : Business & Economics
ISBN : 9780471432654

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Business Valuation Body of Knowledge by Shannon P. Pratt Pdf

Written by Shannon Pratt, one of the leading gurus in the business valuation field. Case study approach includes problems, solutions, and over 100-multiple-choice test questions. A reference and review of the core body of knowledge for those who need a grasp on business valuation even though they might not be seeking a professional designation.

Author : David Laro,Shannon P. Pratt
Publisher : John Wiley & Sons
Page : 482 pages
File Size : 55,7 Mb
Release : 2005-04-22
Category : Business & Economics
ISBN : 9780471709954

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Business Valuation and Taxes by David Laro,Shannon P. Pratt Pdf

Disputes over valuation issues fill the court's dockets and for good reason, fair market valuations are required frequently by the law. The authors believe that approximately 243 sections of the Code and several thousand references in the Regulations explicitly require fair market value determination. Consequently, taxpayers file an estimated 15 million tax returns each year reporting an event involving a valuation related issue. It is no mystery, therefore, why valuation cases are ubiquitous. Today, valuation is an important and highly sophisticated process. Valuators need legitimate guidance to perform their work. The objective of this book is to provide knowledge, and guidance to those who do the valuations as well as those who are affected by them. This unprecedented text provides: Clear guidance and perspective on business valuation from two of the nation’s top authorities, Hon. David Laro and Dr Shannon Pratt. Insightful perspective and discussion on critical issues, procedures and law pertaining to business valuation. An overview of business valuation procedures Law and techniques of Fair Market Value Opinion from the Hon. David Laro and Dr. Shannon Pratt who express their unique and critical views. The business valuer with everything from the basics to the sophisticated. From definitions to valuing complex business interests, what you need to know about business valuation. Everything from empirical market evidence to credible expert business valuation testimony discussed and analyzed by the Hon. David Laro and Dr. Shannon Pratt.

Author : Lewis D. Solomon,Lewis J. Saret
Publisher : Aspen Publishers
Page : 352 pages
File Size : 55,8 Mb
Release : 1998-02
Category : Electronic
ISBN : 0471148768

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Valuation of Closely-Held Businesses by Lewis D. Solomon,Lewis J. Saret Pdf

This two-volume reference presents the nuts and bolts of effective day-to-day administration, including: various property management techniques; how to create and use valid an revealing marketing surveys; how to attract the right kinds of tenants; and new ways to make leases work for you. You'll discover the best ways to handle lease provisions, environmental concerns, common building areas, information management, and more. In covering all aspects of property management -- marketing, leasing, budgeting, financial reporting, etc. -- these books provide the step-by-step guidance you need to successfully handle all phases of operation. This valuable resource also includes a system for effective reporting and literally hundreds of time-tested management forms, checklists, and procedures you can put to use right now.

Author : Shannon P. Pratt
Publisher : John Wiley & Sons
Page : 516 pages
File Size : 46,6 Mb
Release : 2009-04-27
Category : Business & Economics
ISBN : 9780470371480

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Business Valuation Discounts and Premiums by Shannon P. Pratt Pdf

Business Valuation Discounts and Premiums SECOND EDITION Discounts and premiums do not just affect the value of a company; they play a crucial role in influencing a host of other factors and conditions that can make or break a deal. When it comes to business valuations, it's the business appraiser's responsibility to be intimately knowledgeable with every aspect of discounts and premiums: the different types, the situations when they may or may not apply, and how to quantify them. In this newly updated edition of Business Valuation: Discounts and Premiums, Shannon Pratt—one of the nation's most recognized and respected business valuation consultants—brings together the latest collective wisdom and knowledge about all major business discounts and premiums. Addressing the three basic approaches to conducting a valuation—the income approach, the market approach, and the asset approach—Shannon Pratt deftly and logically details the different discounts or premiums that may be applicable, depending on the basic valuation approach used, and how the valuation approaches used affect the level. Clearly written and thorough, Business Valuation: Discounts and Premiums, Second Edition provides business appraisers, accountants, attorneys, and business owners with an arsenal of information for their professional toolkit that can be applied to every major evaluation case they might face in any deal. This updated edition features timely, comprehensive coverage on: Strategic acquisitions Extensive empirical data Pre-IPO marketability discount studies Merger and acquisition negotiations, empirical evidence from completed transactions, and positions taken by courts in litigations Strategic acquisition premiums Studies on minority discounts Detailed, authoritative, and complete in its coverage, Business Valuation: Discounts and Premiums, Second Edition gets to the core of one of the more complex challenges faced by business appraisers, and arms readers with the understanding and techniques needed to successfully meet and exceed their job expectations.

Author : Shannon P. Pratt,ASA Educational Foundation
Publisher : McGraw Hill Professional
Page : 1297 pages
File Size : 49,6 Mb
Release : 2022-04-05
Category : Business & Economics
ISBN : 9781260121575

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Valuing a Business, Sixth Edition: The Analysis and Appraisal of Closely Held Companies by Shannon P. Pratt,ASA Educational Foundation Pdf

Accurately analyze and appraise any business with the most trusted guide to valuation Originally published more than 40 years ago, Valuing a Business set the standard for excellence in the appraisal field and is the world's most respected valuation reference. This edition reflects the substantial advances in the tools and sophistication in business valuation, as well as new appraisal standards and regulations that have evolved since it was last published in 2008. These advances fall broadly into three categories: Increasing consensus among the valuation professional organizations on standards, methodology, and terminology Updated appraisal rules, regulations, standards and guidance issued by governmental, or quasigovernmental, and professional bodies Major advances in the quantity, quality, and accessibility of empirical data available to support business valuation conclusions Valuing a Business provides thorough coverage and step-by-step analyses of virtually every topic important to you, including standards and credentials, valuation theory and principles, gathering data, site visits, financial statement analysis, writing reports, buy-sell agreements, litigation support services, and much more. This landmark resource is a complete one-stop compendium of information on the full range of valuation concepts and methods.

Author : Joseph N. Guterl
Publisher : Aspen Publishers
Page : 128 pages
File Size : 42,5 Mb
Release : 1997-01-01
Category : Business enterprises
ISBN : 1567064469

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Valuation of Closely Held Businesses by Joseph N. Guterl Pdf