Highly technical and often difficult to understand, business valuations are a critical subject for lawyers in many areas, such as divorce, bankruptcy, corporate and tax law, and estate and financial planning. The authors of this book, who have over 40 years of combined experience in transactional matters and litigation, present and discuss key concepts in valuation. At the same time, they explain how to dig beneath the surface of expert opinions and show how to find the most pertinent fact...

Expert direction on interpretation and application of standards of valueWritten by Jay Fishman, Shannon Pratt, and William Morrison—three renowned valuation practitioners—Standards of Value, Second Edition discusses the interaction between valuation theory and its judicial and regulatory application. This insightful book addresses standards of value (SOV) as applied in four distinct contexts: estate and gift taxation; shareholder dissent and oppression; di...

Accurately analyze and appraise any business with the most trusted guide to valuationOriginally published more than 40 years ago, Valuing a Business set the standard for excellence in the appraisal field and is the world's most respected valuation reference.This edition reflects the substantial advances in the tools and sophistication in business valuation, as well as new appraisal standards and regulations that have evolved since it was last publi...

A one-stop shop for background and current thinking on the development and uses of rates of return on capitalCompletely revised for this highly anticipated fifth edition, Cost of Capital contains expanded materials on estimating the basic building blocks of the cost of equity capital, the risk-free rate, and equity risk premium. There is also discussion of the volatility created by the financial crisis in 2008, the subsequent recession and uncertain recove...

The essential guide to business and real estate appraisals for non-appraiser professionalsIn Analyzing Complex Appraisals for Business Professionals, renowned business and real estate valuation authorities Shannon P. Pratt and John Lifflander provide the ultimate crash course for evaluating a wide range of properties and enterprises.This guide to understanding, interpreting, and evaluating residential, commercial, business, and industrial ...

Business Valuation Discounts and PremiumsSECOND EDITIONDiscounts and premiums do not just affect the value of a company; they play a crucial role in influencing a host of other factors and conditions that can make or break a deal. When it comes to business valuations, it's the business appraiser's responsibility to be intimately knowledgeable with every aspect of discounts and premiums: the different types, the situations when they may or m...

In 1908, American philosopher Josiah Royce foresaw the future. Race questions and prejudices, he said, "promise to become, in the near future, still more important than they have ever been before." Like his student W. E. B. Du Bois in Souls of Black Folk (1903), Royce recognized that the problem of the next century would be, as Du Bois put it, "the problem of the color line." The twentieth century saw vast changes in race relations, but even after the election of the first African-American...

There's no place quite like Maine. It's Vacationland. The birthplace of L.L. Bean and the whoopie pie. Maine's landscape encompasses mountains, forests, beaches, islands, and even a desert! The winters are long and brutal, and the summers are plagued by black flies, venomous caterpillars, and tourists. But despite these challenges, and in part because of them, the people who call Maine home are some of the most generous, hard-working folks you'll ever meet. They never fail to show up (even...

Sisterhood of the Traveling Pants goes to the French Open in an emotionally honest and openhearted novel for fans of Yamile Saied Méndez and Mary HK Choi.Three teen girls compete at an elite tennis tournament for a shot at their dreams—if only they knew what their dreams were.Alice is on her own for the first time. She has no coach. No friends. Not even clothes that meet the Bastille Invitational’s strict dress code. There’s only t...

From the authors of contemporary classic The Spirituality of Imperfection comes this long-awaited sequel.A great master once said, “The shortest distance between a human being and truth is a story.” In Experiencing Spirituality, Ernest Kurtz and Katherine Ketcham take readers on a journey through storytelling as a means of self-discovery. Recounting and interpreting great wisdom stories from all ages and all cultures, as well as telling many of their own, the authors shed light on ...

“She’d seen it before. The new guy pushes the incumbent hard for a few months, creates problems, and then brings in someone from his old company to replace the failure. Was he there to test her and teach her, or to toss her out at the first sign of trouble?”-from The OffsiteDrawing on the leadership theories from the bestselling classic, The Leadership Challenge, Robert Thompson effortlessly incorporates Jim Kouzes and Barry Posner’s time-tested concepts into a winning fable...