Ownership interests in closely-held and family businesses are often the largest and most illiquid assets in a family’s estate. In this meeting, learn essential components of a valuation engagement.
Earn 2 CPE credits in Specialized Knowledge and 2 CPE credits in Tax.
Valuation of Closely-Held and Family Businesses
Donald DeGrazia, CPA, ABV, CFF - Gold Gerstein Group
Determining the value of ownership interests in closely-held and family businesses for succession planning and estate and gift tax planning and compliance is a complex and risky task. This is especially the case when valuing small, minority ownership interests. Penalties for under valuation are onerous. GAAP and GAAS are not well suited to guide the CPA in valuation engagements.
Learn essential components of a valuation engagement including:
- Reasons for valuing a business
- Standards of value
- Methods of valuation
- Normalization of GAAP or taxable income to reach economic cash flow
- Determining risk-adjusted rates of return
- Defending valuation discounts for minority ownership interests, including discounts for lack of control and marketability
- Reaching a valuation conclusion
Early birds save $10 - late fee applied after 5/6. Season Pass holders must register for each event.