Book description
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, FASA
There 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 cases
Learn 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.
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.
