For many family-owned companies, succession planning is typically an important, and oftentimes complex, issue that requires an assessment of the value of a business and specific interests, primarily for gift and estate planning purposes. In these situations where determining the fair market value of a specific business interest or asset is needed, it is common practice to see the application of certain minority interest discounts (e.g., discount for lack of control, discount for lack of marketability, etc.). As business valuation reports continue to see an increase in overall scrutiny, preparing well-supported and -documented valuation reports is crucial to reducing the overall risk exposure down the road. Facts and circumstances dictate the overall application and magnitude of these valuation discounts, which can have a material impact on overall value. This presentation will assist the audience in walking through a bit of the history with using restricted stock transactions, a walk-through of The Stout Restricted Stock Study and the DLOM calculator, and other key considerations.
Program Agenda
Overview of restricted stock transactions and their usage in supporting discounts for lack of marketability;
Walk-through of The Stout Restricted Stock Study;
Walk-through of the DLOM calculator methodology;
Other key considerations; and
Questions.
Learning Objectives
Participants will gain a better understanding of restricted stock transactions and their history;
Participants will learn more about The Stout Restricted Stock Study and the underlying data used to support an appropriate discount for lack of marketability; and
Participants will gain more comfort in understanding how the DLOM calculator works and what assumptions should be considered in practical application.
Multi-User CPE Policy
Admission to this program includes one CPE certificate for one individual.
Any additional listeners requesting CPE must be registered prior to the event, log in on their own connection, and complete the online CPE survey for this course.
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continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on
the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National
Registry of CPE Sponsors through its website: www.nasbaregistry.org. NASBA Sponsor
Every webinar includes periodic online polling questions to assess continuous participation. Attendees must respond to all polling
questions during the webinar to be awarded NASBA-qualified CPE. Attendees that respond to all polling questions and complete a survey
will be verified and emailed a CPE certificate within 5-7 business days.
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