Empirical Methods for Valuing Family Limited Partnerships and LLCs
OL1301 | On Demand Course | Update | Self-Study
Description
A common method of valuing FLP interests has been the use of averages from published discount studies. This method has not held up in Tax Court due to several shortcomings. The use of the empirical methods in the Income and Market Approaches allows appraisers to determine a value more accurately and objectively. This presentation will focus on calculating the value of an FLP interest using the same methodology the speaker successfully used in Tax Court and audits. The speaker will share his opinion on advanced topics and use a case study to illustrate the application of these methodologies.
This course is part of the 2024 Forensic and Valuation Services Conference Bundle. Purchase the conference bundle here.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.00 | Accounting |
Prices
- Member (Early Bird)
- $49.00
- Non-Member (Early Bird)
- $79.00
- Member
- $49.00
- Non-Member
- $79.00
Instructors
Bruce A. Johnson, ASA
Bruce A. Johnson, ASA specializes in valuation services for gift and estate tax planning, sale transactions, profit sharing plans, C Corporation conversions and shareholder disputes. He also has widespread experience providing consulting services to buyers and sellers involved in mergers and acquisitions including assisting clients throughout the sale process. He has 25+ years of experience in the valuation of businesses in industries such as manufacturing, auto dealerships, hospitality, professional sports, food services, distribution, retail and real estate. In addition to earning a degree in Engineering and MBA from Texas A&M University, Bruce is an Accredited Senior Appraiser (ASA) of the American Society of Appraisers where he serves on the audit tax, marketing and education committees.
He is an instructor and course developer for Partnership Profiles "Valuing Family Limited Partnerships" seminars and was the expert witness for the taxpayer in the Estate of Elsie J. Church and Estate of Emily Klauss. He is an elected member of the ASA Board of Governors and a board member of the Texas A&M University Corporate Finance Program.
He is a co-author of the Comprehensive Guide for the Valuation of Family Limited Partnerships. He is a frequent speaker on valuation issues and has been published in over 30 journals on a wide range of business valuation topics including the appraisal of Family Limited Partnerships, Promissory Notes and Discounts for Lack of Control and Lack of Marketability.
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