Introduction to Business Valuation and Use of Guidelines   Updated

This introductory course concentrates on the valuation of closely held businesses. Such valuations are often needed for estate planning and gift tax purposes. The course explains key IRS rulings and court cases that often dictate the methods used in a given case. Both the IRS and the courts emphasize using historical facts instead of a valuation based on future projections. Because of the lack of a market value for a closely held company, it is useful and desirable to calculate the valuation based on the market value of a comparable publicly held company.

Designed for accounting, tax, and valuation professionals, this course provides a practical foundation for assessing market-based evidence and determining when guideline-company methods can produce a supportable valuation conclusion.