Read more
Informationen zum Autor SHANNON P. PRATT, CFA, FASA, MCBA, CM&AA, is the Chairman and CEO of Shannon Pratt Valuations, Inc., a premier business valuation firm, and is the founder and Editor Emeritus of Business Valuation Resources, LLC. Over a distinguished career of close to four decades, he has performed valuation engagements for M&A, ESOPs, gift and estate taxation, marital dissolution, shareholder oppression and dissent, and numerous other purposes. He has conducted many fairness and solvency opinions, has testified in a wide variety of federal and state courts across the country, and frequently participates in arbitration and mediation proceedings. Dr. Pratt is one of the most successful and respected authors in his field. He is the author or coauthor of several industry standards, including The Market Approach to Valuing Businesses, Standards of Value, Business Valuation and Taxes, Cost of Capital, Business Valuation Body of Knowledge , all published by Wiley, as well as PPC's Guide to Business Valuation, Valuing a Business: The Analysis and Appraisal of Closely Held Companies, Valuing Small Businesses and Professional Practices, and The Lawyer's Business Valuation Handbook. Klappentext Leading authority Shannon Pratt demystifies discounts and premiums in business valuation"A must-read! Shannon Pratt continues to add to the business valuation body of knowledge."-Jay Fishman, FASAThere is often more money in dispute in determining the discounts and premiums in a business valuation than in arriving at the pre-discount value itself. Discounts and premiums affect not only the value of the company, but also play a crucial role in determining the risk involved, control issues, marketability, and contingent liability, to name a few. Approaching a business valuation without a thorough understanding of all the ins and outs of discounts and premiums can cause a deal to topple like a house of cards.Business guru Shannon Pratt's critically acclaimed Business Valuation: Discounts and Premiums, Second Edition compiles all the key information practitioners need to successfully and accurately determine discounts and premiums in business valuation.Thoroughly updated throughout, this must-have tool of the trade for business appraisers, accountants, attorneys, and business owners now includes:* New database chapters that help quantify the discount for lack of marketability* Analysis of the most comprehensive database, with over 5,000 entries on transactions in minority interests in private company stocks prior to an IPO* Scores of valuable court case citations* Court cases covering divorces, gift, estate, income taxes, bankruptcies, corporate and partnership dissolutions, and ESOPs* Many new, never-before-published studies providing real-world benchmarks that can be applied to the practitioner's own casesLearn how to master the complex issues of business valuation and capitalize on the numerous uses for discounts and premiums with the help of the most recognized authority on business valuation, Shannon Pratt. Zusammenfassung There is often more money in dispute in determining the discounts and premiums in a business valuation than in arriving at the pre-discount itself. This book is a comprehensive presentation of the conceptual bases and empirical evidence to quantify all manner of business valuation discounts and premiums. Inhaltsverzeichnis List of Exhibits xv About the Author xix About the Contributing Authors xxi Foreword xxv Preface xxvii Acknowledgments xxix 1 Overview of Business Valuation Discounts and Premiums and the Bases to Which They Are Applied 1 Discounts and Premiums Are Big-Money Issues 2 ''Entity Level'' versus ''Shareholder Level'' Discounts and Premiums 3 How the Valuation Approaches Used Affect the Level of Value 8 Use of Public Company Data to Quanti...
