Determining the FMV of Privately Held Promissory Notes
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Summary
Privately held promissory notes need to be valued for gift/estate, tax, and related-party transactions. These appraisals must objectively consider the same risk and reward relationship that we use when valuing an operating company. However, the data sources that have historically been used are problematic. For example, corporate bonds from publicly traded companies are not typically comparable because publicly traded companies are large, diversified, and represent lower risk. This webinar will present a better source of comparable data that can be used to calculate a proper discount rate accurately and use real-world examples to illustrate the methodology.
Program Agenda
- Where do promissory notes originate?
- Key factors in valuing promissory notes
- Common source of interest rates
- Risk analysis
- Better source of interest rates
- Mechanics and application
Learning Objectives
- What are the primary issues that need to be considered when valuing a privately held promissory note?
- What are the best practices in terms of methodology and data sources for appraising notes and determining the proper rate of return?
- What do terms such as AFR, BDC, yield to maturity, collateral, etc. mean?
In terms of application, the concepts presented in the speech will be reinforced using practical case studies.
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CPE Information
- Prerequisites: Knowledge of Business Valuation
- Program Level: Advanced
- Preparation Required: None
- Delivery Method: Group Internet-Based
- Recommended CPE: 1.0 Credit Hours (Accounting – Technical)
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