A Reviewer's Handbook to Business Valuation

Emphasizing the practical side of business valuation, A Reviewer's Handbook to Business Valuation is the first resource of its kind, designed for attorneys, CPAs, business appraisers, business owners, and other stakeholders in business valuation processes and appraisal reports. With in-depth discussion on numerous business valuation topics and procedures as well as a thorough review of the assorted business valuation standards issued to date, this book bridges a gap in the existing business valuation literature. The collaboration of an attorney and a business appraiser, this indispensable reference offers hands-on lessons and tax case citations, all from the perspective of experienced professionals operating in the trenches of business valuation. It focuses on the pragmatic aspects of business valuation that arise in the context of a tax valuation, examining concepts and topics including the level of value, the role of estate planners in the business valuation process, the use of appraisers in estate planning and litigation, and the appraiser identification/selection process. Augmented with checklists and business valuation tips and traps, A Reviewer's Handbook to Business Valuation is organized as follows: Part I: The business valuation process-designed to provide reviewers of business appraisals a basic under-standing of valuation concepts and methodology Part II: A thorough summary of business valuation standards, including USPAP and the IRS guidelines Part III: Lessons from the Trenches, including alleged errors of omission and commission by business appraisers that have ended up in court decisions, and the ten burning issues that exist in business valuation along with the authors' take on those issues Along with an accompanying website containing the Business Valuation Standards discussed in the book-including ASA, AICPA, NACVA, IBA, CICBV, as well as IRS guidelines-A Reviewer's Handbook to Business Valuation lays the groundwork for estate planners, estate planning attorneys, accountants, business owners, and business valuation professionals to fully understand the valuation engagement process, from start to finish.