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If you're considering getting involved in the world of business valuation, join us as returning faculty member and tax expert, Michael Sack Elmaleh, discusses Valuation of Closely Held Businesses. The program begins with Mr. Elmaleh addressing the fair market value standard of a company and some fundamental questions you must ask when valuating a closely held business. Then, he proceeds to address the different types of assets that need to be considered when looking at the value of a business, such as its fixed assets, trademarks, copyrights, cash, and most importantly, goodwill. After addressing the different types of assets of a business, Mr. Elmaleh explains the various types of valuation methods that one can use to determine the value of a business and what methods work better for different types of businesses. The program concludes with some cautionary words and even additional information for those who wish to understand more about different valuation methods.

Learning Objectives:

I.    Learn the Fair Market Value Standard of a Subject Company
II.   Explore the Value and What a Business Owns: Tangible and Intangible Assets
III.  Understand What the Seller's Discretionary Cash Flow is
IV.  Determine the Difference Between Enterprise and Personal Goodwill
V.   Figure Out How to Analyze the life Expectancy of the Subject Firm's Customer Base
VI.  Identify The Challenges of the Make or Buy Approach to Valuing Businesses
VII. Learn the Income or Risk/Return Method

Instructional Method: Self-Study