Description
Understand when to have a business valuation performed and what professional standards apply to these engagements.
Oftentimes, business owners need to know the value of their business or interests therein. Whether it is for succession or exit planning purposes, a measure of economic damages, or for income, estate, or gift tax purposes, knowing the value of the asset is critical to proper planning. This topic will help those advising business owners identify when it is appropriate to have a business valuation performed and what professional standards apply to these engagements. By understanding the different standards of value and valuation approaches, advisors can assist business owners in making critical decisions as well as making sure they are compliant with federal income, estate, and gift tax rules. These advisors will also be able to understand business valuation reports and schedules and provide meaningful input into the planning and compliance processes.
Date: 2021-09-21 Start Time: End Time:
Learning Objectives