Valuing a Business: Analysis and Appraisal of Closely Held Companies / Edition 3

Valuing a Business: Analysis and Appraisal of Closely Held Companies / Edition 3

by Shannon P. Pratt, Robert F. Reilly, Robert P. Schweihs
     
 

ISBN-10: 1556239718

ISBN-13: 9781556239717

Pub. Date: 12/28/1995

Publisher: McGraw-Hill Companies, The

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…  See more details below

Overview

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.

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Product Details

ISBN-13:
9781556239717
Publisher:
McGraw-Hill Companies, The
Publication date:
12/28/1995
Edition description:
Older Edition
Pages:
850
Product dimensions:
8.78(w) x 11.24(h) x 1.70(d)

Table of Contents

1Business Valuation Professional Standards3
2Defining the Appraisal Assignment14
3Business Valuation Theory and Principles35
4Gathering Company Data53
5Site Visits and Interviews68
6Researching Economic and Industry Information80
7Analyzing and Adjusting Financial Statements105
8Comparative Ratios128
9Income Approach: Discounted Economic Income Methods149
10Market Approach: The Guideline Company Method203
11Market Approach: The Merger and Acquisition Method239
12Asset-Based Approach253
13The Excess Earnings Method285
14Minority Interest Discounts, Control Premiums, and Other Discounts and Premiums298
15Discounts for Lack of Marketability331
16Valuation Synthesis and Conclusion366
17Writing an Appraisal Report379
18A Sample Report393
19Reviewing a Business Valuation Report453
20Debt Securities479
21Preferred Stock492
22Pass-Through Entities514
23Identification of Intangible Assets535
24Valuation of Intangibles557
25Remaining Useful Life Analysis598
26Taxation Planning and ComplianceIncome617
27Taxation Planning and ComplianceGifts and Estates640
28Buy-Sell Agreements667
29Taxation Planning and ComplianceAd Valorem685
30Employee Stock Ownership Plans717
31Litigation Support Services743
32Expert Witness Testimony761
33Arbitration782
Appendix A Index to IRS Positions793
Appendix B Present Value Tables797
Appendix C American Society of Appraisers: Business Valuation Standards804
Appendix D General Bibliography820
Index to Court Cases825
General Index827

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