Valuing a Business

Fülszöveg

Also by Shannon P Pratt VALUING SMALL BUSINESSES AND PROFESSIONAL PRACTICES
This book is the essential guide to appraisal for small business owrfers, accountants, attorneys, brokers, appraisers, bankers, financial and estate'-planners, and business consultants. \ ^
The theoretical aspects of business and professional practice appraisal are blended with practical descriptions of how businesses and practices are appraised and priced in the United States and Canada. Beginning with the--fundamentals of valuation. Valuing Small Businesses and Professional Prac- -, tices presents both the theoretical principles and the generally accepte«^^ practices. The author clearly discusses the differences between small busi^^ , ness and large business valuation and explores such key issues as workingi^* with a broker or appraiser, drafting a mutually satisfactory purchase agreeV?" ment, sources of financing, and estate planning considerations. Othfer topics include: . ^ -=
Trade-off between... Tovább

Fülszöveg

Also by Shannon P Pratt VALUING SMALL BUSINESSES AND PROFESSIONAL PRACTICES
This book is the essential guide to appraisal for small business owrfers, accountants, attorneys, brokers, appraisers, bankers, financial and estate'-planners, and business consultants. \ ^
The theoretical aspects of business and professional practice appraisal are blended with practical descriptions of how businesses and practices are appraised and priced in the United States and Canada. Beginning with the--fundamentals of valuation. Valuing Small Businesses and Professional Prac- -, tices presents both the theoretical principles and the generally accepte«^^ practices. The author clearly discusses the differences between small busi^^ , ness and large business valuation and explores such key issues as workingi^* with a broker or appraiser, drafting a mutually satisfactory purchase agreeV?" ment, sources of financing, and estate planning considerations. Othfer topics include: . ^ -=
Trade-off between cash and terms Differences between real estate and business appraisal Understanding capitalization rates Arbitrating disputed valuations
Valuing Small Businesses and Professional Practices offers illuminating ^ , insights into how valuations differ for different purposes, such as buying/jS selling minority interests, buying/seUing a company, divorces, damage suits, *' and other disputed valuation matters. It is based on a thorough analysis of all relevant existing literature, hundreds of court cases, surveys of thousands of business brokers and other knowledgeable sources, plus the personal'^xpe-rience of the author in over 1,500 business valuation assignments. ; "
It is presented in clear and easy-to-understand language and is enhanced by^ dozens of easy-to-follow examples and exhibits. No prior knowledge is, assumed, and the book is designed to be both interesting and iiivaluable'to the novice and the professional alike. ^
VALUING A BUSINESS
SHANNON P. PRATT
This book is an indispensable reference for anyone involved with the valuation of a business or business interest. It is the most comprehensive treatise available on the valuation of a business enterprise.
The fu-st edition, published in 1981, has already become the classic reference for appraisal of medium-size and larger businesses. It is widely used by business appraisers, owners, attorneys, CPAs, and government officials, and is cited frequently throughout the literature of business appraisal and in court cases and other legal proceedings.
This expanded and updated second edition presents both the theoretical principles and the practical techniques of business valuation in even greater depth. The mechanics of doing a valuation are described in detail, from the nature and sources of data to be gathered through the writing of the final appraisal report. No prior knowledge is assumed on the part of the reader, and each term or reference is identified the first time it is used.
Throughout the book, the importance of understanding relevant valuation law is emphasized, and scores of judicial decisions are cited to highlight applicable case law. The book concludes with an entirely new three-chapter section on litigation and arbitration of business valuation issues.
New chapters are presented on minority interests, debt securities, preferred stocks, and stock options. Valuations for specific purposes are discussed in detail, including gift and estate taxes, buy-sell agreements, employee stock ownership plans, selling out, merging, going public, divorces, corporate and partnership dissolutions, damage cases, and dissenting stockholder actions. For those who wish to research further, the bibliography is the most comprehensive ever assembled on business valuation and is organized by valuation topic for easy reference. Vissza