Valuing a Business, 5th Edition: The Analysis and Appraisal of Closely Held Companies

Capitalize on All the Latest Legal, Financial, and ComplianceInformation Needed to Analyze and Appraise Any BusinessFor over 25 years, Valuing a Business has provided professionals and students with expert business valuation information, offering clear, concise coverage of valuation principles and methods. Over the decades, the book's unsurpassed explanations of all valuation issues have made it the definitive text in the field, against which every other business valuation book is measured. Now updated with new legal, financial, and compliance material, the Fifth Edition of Valuing a Business presents detailed answers to virtually all valuation questions_ranging from executive compensation and lost profits analysis...to ESOP issues and valuation discounts. Written by Shannon Pratt, one of the world's leading authorities on business valuation, this updated classic offers a complete one-stop compendium of information on the full range of valuation concepts and methods. Valuing a Business contains step-by-step discussions and analyses of:Business Valuation Standards and CredentialsDefining the AssignmentBusiness Valuation Theory and PrinciplesGathering Company DataSite Visits and InterviewsResearching Economic and Industry InformationAnalyzing Financial StatementsFinancial Statement Ratio AnalysisIncome, Market, and Asset-Based Approaches to ValuationThe Capitalized Excess Earnings MethodPremiums and DiscountsWriting and Reviewing Business Valuation ReportsValuing Debt Securities, Preferred Stock, Stock Options, and S Corporation StockValuations for Estate and Gift Tax PurposesBuy-Sell AgreementsValuations for Income Tax PurposesValuation with Employee Stock Ownership PlansValuations for Ad Valorem Taxation Dissenting Stockholder and Minority Oppression ActionsValuations for Marital Dissolution PurposesLitigation Support ServicesExpert TestimonyArbitration and Mediation This landmark reference also presents a wealth of recent court cases for each valuation area, which together provide a comprehensive overview of all the legal rulings and trends in the field of business valuation.