Continuing Professional Education on Business Valuation & Litigation

Thursday, December 4, 2025, 1:00 – 3:00 PM ET

Pass-Through Entity Valuations: An Update

Speaker: Chris Treharne, ASA, MCBA, CVA

Webinar Description:

oin Chris Treharne in this informative webinar as he delivers current insights into the appraisal of pass-through entities (PTEs). This session will explore court rulings and their implications for valuation professionals, offering a practical understanding of how these decisions influence current appraisal practices.

Participants will gain a comprehensive overview of PTE valuation methods and procedures, including a detailed, step-by-step valuation example utilizing the Treharne Model. The webinar will also address the justification for applying discount rates derived from C corporations when valuing pass-through entities, equipping attendees with the tools needed to strengthen their valuation analyses in today’s evolving landscape.

Learning Objectives:

The participants will learn:

• Review PTE court rulings and their relevance to current valuation practices
• An overview of PTE valuations methods and procedures
• A detailed valuation example using the Treharne Model
• Justification for using discount rates derived from C corporations to value pass-through entities

Handouts:

• VPS Webinar slides
• Following the webinar, attendees will have access to a video recording of the program

About the Presenter:

Chris Treharne, ASA, MCBA, CVA

Chris Treharne is Managing Director of Gibraltar Business Valuations in Longmont, Colorado, and has been practicing as a business appraiser for more than 35 years.  He earned the Accredited Senior Appraiser, Master Certified Business Appraiser, and Certified Valuation Analyst business valuation designations from the American Society of Appraisers and the National Association of Certified Valuators and Analysts.  He is also a licensed Colorado Professional Engineer (retired) and Real Estate Broker.

Having prepared numerous presentations and authored papers on S corporation valuation issues, Chris is nationally recognized as an expert on the topic.  At the request of the Honorable David Laro of the U.S. Tax Court and Dr. Shannon Pratt, he co-authored a chapter on the topic in their book, Business Valuation and Taxes:  Procedure, Law & Perspective.  His S corporation valuation model also appears in Financial Valuation Models and Applications, Fannon’s Guide to the Valuation of Subchapter S Corporations, and other textbooks. He also co-authored a white paper which was presented to the Treasury Department by the S Corporation Association, and he has co-hosted national programs on the subject, including a private program for IRS business valuation employees.

Chris is a faculty member for the American Society of Appraisers’ Principles of Valuation training courses and on the Editorial Review Board for the peer reviewed professional journal Business Valuation Review.  Additionally, he testified before the Treasury Department regarding the proposed IRC Section 2704 regulation.  

His academic background includes a Bachelor of Science in Electrical Engineering from the University of Iowa and a Master of Business Administration in Finance from the University of Colorado at Boulder.

Continuing Professional Education on Business Valuation & Litigation

Jim Hitchner’s Valuation Products and Services (VPS) provides tools to assist practitioners in business valuation, litigation services, and forensics and fraud.

Valuation Products and Service, 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. Web site: www.nasba.org. Some online programs sponsored by VPS are administered by the Virginia Society of CPAs. For more information regarding CPE, refund, complaint, program cancellation or other policies of the Virginia Society of CPAs, visit vscpa.com/CPEPolicies or call (800) 733-8272.