Featuring (click image for more information):

William Frazier Howard Frazier Barker Elliot Inc	John Porter Esq. Baker Botts LLP

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Why You Should Attend

As any appraiser will tell you, discounts for lack of marketability and adjustments for minority interests can be a headache.  When the ownership structure of the appraisal target begins to get complicated, with multiple ownership “tiers”, however, these adjustments can take on a life of their own, making the appraisal assignment a nightmare.

To help us through that nightmare, William Frazier and John Porter will join BVR on May 27 for “Valuing Tiered Partnership Structures”, an in-depth look at the unique challenges posed by complicated ownership arrangements.  Through the course of their 100-minute teleconference, these two experts will give the insights necessary to tackle the inherent challenges in placing a value on these tricky structures.

Agenda
Topics to be covered include:

• The emergence of tiered ownership structures
• Increased used of the Family Limited Partnership (FLP) vehicle in estate planning
• Longer lives of FLPs and their implications
• How do tiers affect discounts?
• Related court cases and limited information available from those opinions
• The economic theory of tiered ownership and related financial structures
• Economic risks and valuation consequents of tiered ownership structures

Learning Objectives

• Learn how the increased use and longer life spans of FLPs have come to complicate valuations for estate purposes
• Understand how tiered ownership structures affect discounts and other valuation applications
• Learn why limited judicial opinions in this area should not be used during the appraisal process
• Learn the economic theory of tiered ownership and what it means for your appraisal

BVR's Teleconference Usage Policy

Purchase of admission to any of BVR's teleconferences grants ONE phone connection and ONE computer connection per physical location per registration. Additional unregistered phone or computer connections are a violation of BVR's Teleconference Usage Policy, and BVR reserves the right to withhold CPE credits from both registered and unregistered users in violation of this policy.

Group Discounts Available

For group discounts on Teleconferences contact Linda Mendenhall at lindam@bvresources.com or (503) 291-7963 ext. 125.

CPE Credits for Unlimited Listeners

Have as many eyes and ears take advantage of your registered connections as possible:CPE credit is available for an unlimited number of listeners to any registered line.

To add listeners for CPE credit, contact customer service (cs@bvresources.com or (503) 291-7963) with main registrant's name, the names of the persons to receive credit, and their email addresses. We welcome as many eyes and ears to take advantage of those connections as possible.

CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Consulting Services)

Business Valuation Resources, LLC 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. www.nasba.org NASBA Sponsor

On Demand Packs: Conference Recordings & Transcripts

BVR's On Demand 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.

Each On Demand Packs includes:

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

For a complete list of available On Demand Packs from past teleconferences, click here.