When we appraise the fair market value of a minority interest for estate or gift tax purposes, the documented intentions of the control shareholder must be taken into account.
A case in point involves a sole shareholder who wants to gift a minority interest to his son, who serves as chief operating officer full-time, earns a [...]
The Justification of Purchase (JOP) Test is a way of assessing the reasonability of a value conclusion. A value is justified if the entire business (100% of the equity), purchased at the indicated value, can:
Pay the owner / manager fair market compensation
Adequately service assumed and acquisition-related debt
Earn a satisfactory return on equity
Some businesses can meet [...]
By ibaadmin | Published:
September 17, 2009
SBA, the Goodwill Cap and Intangible Asset Valuation: An Update
Attend the September 28, SBA Webinar to learn what required in Business Appraisals for SBA Loans
By Scott Gabehart, CBA, MIM
With the SBA formally requiring independent business appraisals by “qualified” parties such as CBA’s for the first time ever as of June, 2008, an already viable appraiser [...]
By ibaadmin | Published:
September 16, 2009
Valuation Analyst
New York, NY
Valuation Advisory – Financial Reporting
Job Description and Requirements
At Duff & Phelps, we work with excellence in many areas of financial advisory and investment banking services, from M&A to valuation. The best part? The way we bring our unique insight to all of them. Our professionals bring practical experience, responsiveness and a collaborative [...]
By ibaadmin | Published:
September 16, 2009
Job Description and Requirements
At Duff & Phelps, we work with excellence in many areas of financial advisory and investment banking services, from M&A to valuation. The best part? The way we bring our unique insight to all of them. Our professionals bring practical experience, responsiveness and a collaborative approach to satisfy our clients’ needs with [...]
By ibaadmin | Published:
September 16, 2009
FOR IMMEDIATE RELEASE
Fort Lauderdale, FL—August 21, 2009—The Institute of Business Appraisers (IBA), the pioneer of business appraisal education, professional certification, and resources, today announced that Bob Strachota, MAI, MCBA, FIBA of Shenehon Company, a Minnesota based Real Estate and Business Valuation Firm, has been elected as the Chair of IBA’s Board of Governors. IBA’s Board [...]
In matrimonial litigation involving both the value of a business and spousal support, the compensation (salary, benefits, etc.) paid to the propertied spouse should, in theory and in fairness, be the same for both determinations. If they differ, one party ends up benefiting twice (“double-dipping”) at the expense of the other.
If the business valuation assumes [...]
By ibaadmin | Published:
September 9, 2009
JOB SUMMARY:
WHY IS THE IRS A GREAT PLACE TO WORK?
Add it up. Here you will excel with one of the largest financial
institutions in the world and be part of one of the most well
trained, professional workforces anywhere. Be among the best in your
field and put your professional skills to work from Day 1. Career
Progression-We provide [...]
In real deals – actual arms-length purchases and sales of business interests between unrelated parties – clients often want “ballpark estimates” of value. I understand and agree with this! Not only that, but I strongly recommend ballpark estimates to them, because they are less expensive, less time-consuming, and more appropriate for real deals for many [...]
If you do tax appraisals, you are probably being asked for valuations as of yearend 2008, now that most companies have filed returns and issued financials.
Reports completed after the valuation date are called retrospective appraisals. One of their key rules is Revenue Ruling 59, Section 3, Paragraph 3. This says that only information known or [...]
