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Business Valuation
Business valuations generally arise in the context of one or more of the following three categories: (1) transactions; (2) litigation; and (3) taxes (or estate planning). Transaction appraisals include acquisitions, mergers, leveraged buy-outs, initial public offerings, ESOPs, buy-sell agreements, and many other engagements.
Valuations may arise in a litigation context in connection with marital dissolution, bankruptcy, breach of contract, dissenting shareholder and minority oppression cases, economic damages computations, and other cases. Valuations may also be conducted for tax reasons, including gift and estate taxes, estate planning, family limited partnerships, ad valorem taxation, and other tax-related reasons. The Business Valuation resource section presents guidance on performing valuations of closely-held businesses and intangible assets, including an overview of the valuation process, the factors to consider before accepting the valuation engagement, and the various methods of valuation. Additionally, it includes tools and aids that would facilitate the business valuation process.
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