The discount for lack of marketability (DLOM) is one of the most contentious issues in business valuation. One reason is that the DLOM can lower a business interest’s value by as much as 35 percent — or more. Another reason is that the DLOM varies significantly, depending on the rights and restrictions attached to the business…

Few businesses have been left unscathed by the novel coronavirus (COVID-19) pandemic. Unfortunately, many have been mortally wounded. Some may be living on life support thanks to financial help from the government, but their long-term survival is in doubt. That may not be inevitable, however, particularly for businesses that are proactive. Business advisors are instructing companies…

Many people have heard they should avoid probate, but few understand what probate is and how the process works. Probate FeesBoth the lawyer and the executor are entitled to fees from an estate. In addition, there will be court costs, appraiser’s fees, and may be other expenses.– Nolo What Is Probate? Probate is the legal process…