Archive 2020-147: Part 2 of Advanced Issues in Basic BV

Issues that appear to be basic can be surprisingly complicated. That’s why Jim Hitchner is continuing his webinar series on “Advanced Issues in Basic Business Valuation.” The first-year analyst and the seasoned BV veteran will both benefit from his take on concepts like S corps and controlling interests in Part 2 of this series.

The bottom line is that while the valuation profession has come a long way, we still can’t come together and agree on many–and we mean many–basic valuation issues. That is why part 2 of this webinar series will make you feel more comfortable that you know and are able to apply valuation fundamentals in the most supportable way.

The participant will learn about the following:

• How to include the impact of COVID when it was NOT known or knowable and stay in compliance with SSVS and USPAP
• Methods to determine a discount for lack of liquidity of a 100% controlling interest
• S-corp valuations – C-corp rates or individual rates
• Why the four S-corp premium models give drastically different values
• Supporting interim growth rates and margins during COVID – the data IS out there
• Examples on how to determine a blended (short-term and long-term) growth rate in a CCF method• Presenting benchmark data to support your discount rates
• The alternative to a size premium
• Symmetrical vs. unsymmetrical probabilistic scenario analysis during COVID – why it matters
• How to address the PPP loans in a valuation – it’s trickier than you think
• Good report writing tips under COVID
• Advanced expert testimony tips, including cost of capital