On Demand Audio

Valuations for Closely-Held Corporations

(272 reviews)

Produced on November 15, 2019

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$ 89 Banking, Tax, and Business, Corporate, & Securities In Stock
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Course Information

Time 1h 2m
Difficulty Intermediate

Course Description

Valuations for closely-held corporations arise for a number of reasons, whether for a merger or acquisition, Employee Stock Ownership Plan (ESOPs), buy/sell agreements, succession planning, and more. 

With a growing need for valuations of closely-held corporations, it’s important to understand the requirements and qualifications of the appraiser as it is crucial that a substantiated credible value is set forth. To establish credible value of a closely-held corporation, the appraiser must understand the different factors affecting value while maintaining up-to-date knowledge on the IRS Code Sections and Revenue Rulings that govern aspects within the valuation. Moreover, it’s important to understand the discounts and premiums computed into the valuation calculation. In essence, this course will provide a deep dive into all aspects relevant to obtaining the true value of a closely-held corporation. The lecture will be presented by Roman A. Basi, who has been immersed in closely-held corporate valuations for the past twenty plus years and is an attorney, certified public accountant (CPA), registered real estate broker, and President of The Center for Financial, Legal and Tax Planning, Inc.

Learning Objectives:

  1. Discuss the importance and relevance of valuations for closely-held corporations
  2. Identify and discuss the qualifications of an appraiser and the importance of such qualifications
  3. Examine controlling IRS Code Sections and Revenue Rulings to discuss their impact on the valuation process
  4. Explain the methodology, variables affecting value, and the weighting of valuation methods to obtain a closely-held corporation’s true value

Credit Information

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Roman Basi

The Center for Financial, Legal & Tax Planning, Inc.

Roman Basi, raised in Southern Illinois, began his working career at a young age umpiring little league base-ball games. He spent his teenage and college years working for his father’s varied business interests. These experiences helped develop his future interest in helping small business owners fulfill their business and succession plans.

He graduated from Millikin University obtaining a Bachelor’s of Science Degree with a minor in Psychology. After receiving his degree, he continued his studies earning an MBA from Southern Illinois University with an emphasis in Accounting. He continued on to law school receiving his JD (law degree) from Southern Illinois University. He is a licensed attorney in Illinois, Missouri, Florida and Arizona. Roman is also admitted to the United States District Court for the Southern District of Illinois, the United States Court of Appeals for the 7th Circuit, and admitted to practice in the United States Supreme Court.

Roman is also a licensed Certified Public Accountant (CPA). Roman is also a licensed Managing Real Estate Broker in Illinois with Heartland Realty & Rentals, Inc., a licensed Real Estate Sales Associate in Florida, a licensed Title Insurance Agent with ATG Fund, Inc. and a licensed Private Pilot with an Instrument Rating.

Over the past several years, Roman has worked on many business transactions and has lectured to various regional and national audiences throughout the country, including extensive work in the continuing education field for Attorneys and CPA’s as well as providing the education necessary for the Voluntary Tax Return Preparer Registry with the IRS. From these venues he has personally met and worked with business owners through-out the United States. He is President of The Center for Financial, Legal & Tax Planning, Inc. (DBA Basi, Basi & Associates) and is in high demand by business owners for his expertise in financial, legal and tax matters.

Roman has been published in the following publications: The Illinois State Bar Association Section on Federal Taxation, Productivity, Agency Sales, Industrial Distribution, Supply House Times, Distributor Link and the I.D.A. Management Journal.

Roman enjoys working with his father and with their national clientele. He is responsible for many of the legal contracts produced by The Center for Financial, Legal & Tax Planning, Inc. His areas of expertise include mergers and acquisitions, contracts, real estate law, tax and estate planning.

Roman is very active in his local community and is a member of numerous associations, and Boards of Directors and has served on various committees. He currently serves on the International Business Brokers Association Education Committee. He participates in the Illinois Department of Transportation Adopt-A-Highway Program. Roman is also a current member of the Arizona, Florida, Illinois and Missouri Bar Associations, the American Institute of CPA’s (AICPA) as well as a past member of the National, Illinois, Florida, Sarasota and Egyptian Boards of Realtors. He has previously served as a member on the Illinois State Bar Association’s Federal Taxation Section Council Committee, Director for the Illinois Association of Realtors, Officer and two term President for the Egyptian Board of Realtors, Director for the Marion, Illinois Chamber of Commerce, and volunteer for the Women’s Center of Carbondale, Illinois.

Roman and Brandi, his wife of 20 years, have two children: Marissa (18) and Alexis (16). They reside in Marion, Illinois. He enjoys spending time with his wife, attending his daughters’ various activities, playing golf, flying a 1982 Piper Saratoga and is an avid St. Louis Cardinals’ and Tennessee Titans fan.


Dean C.

Great information. Well presented.

Timothy F.

Terrific presentation. Presenter is knowledgeable and offers many practice tips.

Anthony T.

Excellent and authoritative

Todd F.

Great job. I have listened to a session by your father

Andrew S.

Good presentation, but would have been even better had it included practical drafting tips (e.g. for buy-sell agreements).

Robert P.

Roman is always an excellent presenter.....

Kathleen D.

excellent presenter/presentation

Steven M.

Very helpful! Great job.

Andrew R.

Roman is an excellent presenter. Very helpful seminar.

Dominic P.

Very substantive and informative

Joseph M.

Good presentation

daniel w.

thank you!

William Q.

Very valuable

Wallace S.


Darryl S.

Necessary subject for business lawyers. Very well done.

Anthony B.


Thomas G.


Elizabeth F.

Extremely useful information and easy to understand.

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