Date: Thursday, May 10, 2012
- PT / - ET
Earn CPE credits
Registration for this program is closed.
Purchase a Training Pack from this event*.
*Training Packs include: a complete recording and transcript with all presentation and reading materials delivered via an electronic download
Please note: CPE credit is not available through Training Packs
More information is available below

Featuring  (click image for bio)

Eric J. Barr
Fischer Barr & Wissinger

About This Program

In pass-through entities the valuation community has perhaps its oldest, least resolved, and, some would say, most poorly defined set of challenges. Despite academic studies, exhaustive professional thought, and judicial opinion, there is still a lack of consensus in this critical area of business appraisal. Yet in the face of these challenges, new work continues to push for a solution to the conundrum of pass-through entities.

In "The Pass-Through Premium: A New Perspective on an Old Issue" appraiser Eric Barr presents new thinking on pass-through entity valuation and how the appraisal community can best overcome the long-standing barriers to consensus.


  • Introduction
    • Common Practice
    • Why it is wrong to only use 0%, 40% or maximum corporate or individual tax rates
    • Standard of Value: Fair Market Value/Fair Value/Investment Value
    • Solutions
  • Tax considerations
    • Pass –Through Entities (PTEs) – what are they and how are they different than C corporations?
    • Federal self-employment taxes
    • Differences between PTEs
    • Federal income tax rates are changing in 2013
    • Impact of state and local tax laws
    • Undistributed income – impact on after-tax cash flows, higher tax basis and potential valuation impact
  • Terms of Transaction
    • Buying assets versus equity
    • Buying equity from a S or C Corp versus buying equity from a sole practitioner, LLC or partnership
  • Factors to consider when tax-effecting a PTE:
    • Standard of Value
    • Who is the hypothetical buyer
    • Size of company's income
    • State and local income taxes
    • Year of valuation
  • Conclusion

Learning Objectives

  • Learn which factors most impact the value of a pass-through entity
  • Clarify the considerations that must be made in a pass-through entity valuation and what impact these can have
  • Learn how standards of value impact pass-through entity valuation
  • Learn how existing pass-through entity valuation theories and approaches get it wrong

Single Connection Policy

Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.

Multi-User CPE Policy

Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must pay a processing fee assessed at the completion of the online CE survey for this course.

CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: Credit Hours (Specialized Knowledge & Applications)

Closed Captioning:

BVR now has closed captioning on all 2019 past programs. To try out this enhancement, subscribers can login to the Desktop Learning Center, select a program, and click play video. The captions will start to play automatically, and can be disabled from the player per your preference.

Business Valuation Resources is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of 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

Training Packs: Conference Recordings & Transcripts
Now delivered as an electronic download.

BVR's Training Packs are an indispensable addition to any valuation reference library. Use them as training tools as many times as you'd like, wherever you are: play them at your computer at work or home, in your car, or on your personal audio device.

Delivered as an electronic download approximately four weeks after the program has aired, each Training Pack includes:

  • Recordings and transcripts of the presentation
  • All presentation visual aids and handouts
  • All ancillary reading materials suggested by our presenters

For a complete list of available Training Packs from past webinars, click here.

Subscriber Information

Subscribers to BVR's Training Passport Pro are automatically registered for this event. For more information contact BVR or login to your account.

Subscribe to RSS Share on LinkedIn
Registration for this program is not available.
Purchase a Training Pack from this event*

BVR's Satisfaction Guarantee:
Business Valuation Resources offers a 100% money-back guarantee on our training services. If you are not completely satisfied with your experience, or have any feedback, please contact Business Valuation Resources at 1-503-479-8200 or customerservice@bvresources.com.