"Caught between the Scylla and Charybdis": What Sting Knows About Valuing Small Businesses

Sting is one of the more cerebral pop musicians and he clearly is wise to the ways of business valuation practice. So...

EBITDA and Fair Market Value

One of the main differences between the world of real life transactions and the fair market value world is the way th...

Almost as Riveting as Game of Thrones...

Well, maybe that's a bit of an oversell, but certainly having a greater impact on the pocket book, the battle over ho...

When Goodwill has No Value

Recently, I have dealt with a number of issues relating to the valuation of goodwill. One particular case involved a ...

The Rule of Thump

An article in the Atlantic Monthly refers to the emergence of a new term - the "rule of thump" - based on confusion w...

"It was a Very Good Year" - 1959 Ruling Stands the Test of Time

Channeling Frank Sinatra this month, I turn my attention to Revenue Ruling 59-60. This key valuation document issued ...

Valuation Factors for a Franchise

On the southeast corner of a major, urban intersection is an established privately-held "fast food" hamburger restaur...

Earning Capacity: The Critical Piece of the Puzzle

Where does the value of a business come from? First and foremost, it comes from the ability to generate earnings, its...

Champagne Wishes and the Valuation Issues of the Rich and Famous

The opportunity to gawp at the lifestyles of the rich and famous was a side benefit to taking a look at a dispute ove...

Why Financial Statement Adjustments Are Made in Valuation Process

Clients are often mystified by the adjustments business valuation analysts make to financial statements when we start...

"I'm a Lumberjack and I'm OK!" - Cash Flows from Timber Apparently Trump the Value of Land

What a great start to 2015 - when a recent case allows me to include a reference to the halcyon days of Monty Python ...

Who Needs to Go to Vegas? Small Business Owners can Gamble for High Stakes from the Comfort of Their Offices!

Many entrepreneurs start a business with other like-minded business people and don’t want to think about what h...

The Season of Personal Goodwill

The case of Bross Trucking v Commissioner (Tax Ct. Memo LEXIS 109) was not strictly a valuation case but did address ...

"It All Depends Upon Your Appetite" - Or More Accurately the Judge's Appetite!

This month's commentary does not feature bottles of red or white (with apologies to Billy Joel) - though other bevera...

"Losing My Religion" - An IRS Lament?

A recent tax court case allows me to dig up a reference to an R.E.M. hit single (never my favorite, but, hey, any por...

"All You're Ever Gonna be is Mean - But Which One?"

In an effort to be down with the kids, this month's title comes from a Taylor Swift hit single - a big step from my n...

"There Are Three Kinds of Lies: Lies, Damned Lies, and Statistics"

I recalled this bon mot from Mark Twain as I reviewed a recent article from Business Valuation Resources that focused...

"Let's Start at the Very Beginning" - Do-Re-Me and the Cost of Capital

Sometimes it's just good to channel Maria in the Sound of Music and go back to basics. I recently had a good opportun...

"If You Know What I Mean" - Estate of Richmond v. Commissioner, Part the Third

A Neil Diamond song title as this month's hook? What? Who? How? Calm down - all will be revealed at the end of this e...

"Bang Bang" - The Tax Court Shot Him Down...

I never thought I would be minng Cher's back catalog for inspiration for an even more tenuous link for the title to t...

A Giant LEAP for Mankind? Maybe Not, but Some Helpful Data for Valutions

This month we're going to do some finance stuff - be warned, there may even be a formula... As valuation analysts, we...

Waiting in Vain? How Long Does it Take to Sell a Company?

We know that Bob Marley didn't want to wait in vain (in fact he said so repeatedly in the song) - and neither does th...

Free as a Bird Now! Eagle Dilemma Resolved

You may recall that I sent out an e-mail last year highlighting the dispute between the Estate of Ileanna Sonnenband ...

Fly Like an Eagle? The IRS Will Bring You Back Down to Earth

I struggled with the title of this item......the story itself has been a godsend to headline writers and I don't feel...

"Doctor, Doctor - Give Me The News..." - Is the Medical Profession More Prone to Litigating Divorces Than Other Professions?

Please file the following under the "I'm just sayin'..." category - far be it from me to draw any conclusions!  ...

"I Have Only Come Here Seeking Knowledge..." But What Knowledge is Allowed to Affect a Valuation?

I have always cringed when Sting followed up the title line with "Things they would not teach me of in college". On t...

"A Man Hears What He Wants to Hear...and Disregards the Rest": S Corp Valuation Revisited

Paul Simon's lyrics seem to sum up the approach the Tax Court took in the case of Estate of Louise Paxton Gallagher v...

You Can Check Out Anytime You Like.. but you're better off if you figure out what a business is worth before you start!

Don Henley, the sage that he is, goes on to state that: "You can never leave" ... yet that isjust what every business...

"Even if We're Just Dancing in the Dark" Or on the head of a pin?

Oh yes, just squeezing in a Springsteen reference again - it's been a while. So how do I justify this random referenc...

Set A Fair Price To Sell Your Share Of The Business

If, emulating Jack Nicholson and Morgan Freeman, you hope to climb the Pyramids and hit the tables in Monte Carlo whe...