Bernier: History, Impact, and Implementation

In the November, 2012 issue of Business Valuation Update™, expert Marc Bello wrote of the history and implication of Bernier v. Bernier, a now 10-year old divorce case involving the valuation of two S corporations. His analysis concluded "After 10 years of deliberations, imputing income taxes to determine an equitable value of an S corp for divorce in Massachusetts remains unresolved. Although conceptual guidance, including the facts that income taxes need to be paid from S corp profits and S corps do not pay double taxation on dividends, arise throughout the Bernier hearings, the application of these concepts appears to get lost in translation."

In this webinar, Bello discusses the long, winding history of this case, and its legacy with regard to S corp valuation, standards of value, key person discounts, and other valuation matters.

IMPORTANT: Each Training Pack includes an MP4 video file, MP3 audio file, complete transcript, slide presentation in PDF format, and additional reading materials when available. Please note that Training Packs can take up to 4 weeks after the webinar to complete. Once available you will receive an email with a special link to download your Training Pack. If you are ordering a Training Pack after the 4 week window, the download link will be sent to you immediately via email. Please check your spam folder and add to your "safe list" to ensure you receive your Training Pack.


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