Shannon Pratt Business Valuations: Valuation Analyses, Comprehensive Valuation Reports, Valuation Report Reviews, Expert Testimony, Fairness and Solvency Opinions, Bankruptcy Reorganization, Arbitrations, Estimations of Damage, Gift and Estate Taxes, Mergers and Acquisitions, Going Private Transactions, Transactions in Company Stock, Employee Stock Ownership Plans (ESOPs), Corporate and Partnership Dissolutions, Dissenting Stockholder or Shareholder Oppression Actions, Damage Actions, Dissent and Oppression Actions, Marital Dissolutions, Partnership or Corporate Dissolution, Bankruptcy Reorganization, Liquidation, Buy-sell Agreement Pricing, Divorce Valuation, Tax Appraisal, Appraisal Expert, Gift Tax Appraisal, Estate Tax Appraisal, Law Firm Valuation, Valuation Litigation Valuation Litigation Support, Goodwill Valuation, Lost Profits, Intellectual Property, Intangible Assets, Discount for Lack of Control, Discount for Lack of Marketability, Medical Practice Valuation, Professional Practice Valuation, Mediation, Cost of Capital, Private Business Valuation, Business Appraiser, Business Valuation, Fractional Interest, LLC Valuation, Limited Partnership Valuation
Out of WACC
Shannon Pratt Business Valuations
This article summarizes the latest thinking from Shannon Pratt and Roger Grabowski on why, given the current economic environment, the way the cost of capital is calculated must be reevaluated to reflect historically low yields, and the impacts they are having on the equity risk premium and betas.
Getting the Most from the Mergerstat®/BVR Control Premium Study™
Shannon Pratt Business Valuations
This free podcast is an edited version of a March, 2008 teleconference hosted by Business Valuation Resources, featuring Dr. Shannon Pratt and Shannon Pratt Valuations COO Alina Niculita. Many practitioners use the Mergerstat®/BVR Control Premium Study™ for minority discounts and control premiums, but are unaware of its application as a valuation tool. The valuation multiples published by the database are imperative when utilizing the merged and acquired method in appraisals. In these highlights Dr. Pratt and Ms. Niculita discuss how to use this impressive valuation tool most effectively, and how to get all the information you need, regardless of the valuation scenario.
Overview of Business Valuation Discounts and Premiums and the Bases to Which They Are Applied
Shannon Pratt Business Valuations
This chapter is from the Second Edition of Shannon Pratt's Business Valuation Discounts and Premiums, published in 2009 by John Wiley & Sons. The chapter provides a broad overview of the high degree of significance of the topic of discounts and premiums in business valuation. In fact, the existence and/or amount of discount or premium is often the largest money issue in disputed business valuations. The chapter distinguishes between those discounts and premiums that affect the whole enterprise and all its owners, called entity-level discounts, and those that are specifically a result of ownership characteristics (control and marketability or lack of either), called shareholder-level discounts and premiums. It also introduces level-of-value charts, and shows how the standard of value (for instance, fair market value, fair value, or investment value) has an effect on whether premiums or discounts apply in specific cases.
Cross-Examining a Business Valuation Expert
Shannon Pratt Business Valuations
This chapter is from the Second Edition of The Lawyer's Business Valuation Handbook, published by the American Bar Association and co-authored by Shannon Pratt and Alina Niculita. The chapter provides attorneys with practical tips, checklists, and questions for cross-examining an opposing business valuation expert, as well as for preparing an attorney's own expert in cases involving business valuation issues. The chapter addresses expert testimony in both deposition and trial contexts, and provides questions relating to general matters as well as specific business valuation methodologies, such as the market approach or income approach.
Shannon Pratt | Shannon Pratt Business Valuations | Valuation Analyses | Comprehensive Valuation Reports | Valuation Report Reviews | Expert Testimony | Fairness and Solvency Opinions | Bankruptcy Reorganization | Arbitrations | Estimations of Damage | Gift and Estate Taxes | Mergers and Acquisitions | Going Private Transactions | Transactions in Company Stock | Employee Stock Ownership Plans (ESOPs) | Corporate and Partnership Dissolutions | Dissenting Stockholder or Shareholder Oppression Actions | Damage Actions | Dissent and Oppression Actions | Marital Dissolutions | Partnership or Corporate Dissolution | Bankruptcy Reorganization | Liquidation | Business Valuations | Buy-sell Agreement Pricing | Divorce Valuation | Tax Appraisal | Appraisal Expert | Gift Tax Appraisal | Estate Tax Appraisal | Law Firm Valuation | Valuation Litigation Valuation Litigation Support | Goodwill Valuation | Lost Profits | Business Valuations | Intellectual Property | Intangible Assets | Discount for Lack of Control | Discount for Lack of Marketability | Medical Practice Valuation | Professional Practice Valuation | Mediation | Cost of Capital | Private Business Valuation | Business Appraiser | Business Valuation | Fractional Interest | LLC Valuation | Limited Partnership Valuation