Shareholder disputes are common occurrences in today’s complex business world. These disputes can often be divisive, long-lasting and expensive. They can arise in almost any privately owned business — sometimes without warning. Here are come common types of lawsuits minority shareholders may file against controlling shareholders: Dissenters Rights Actions State law may give corporate shareholders the…
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What Professional Standards Apply to Business Valuations?
A common question posed to business valuation experts who testify in court is: “Did you follow appraisal standards in performing your engagement?” The next question is likely to be: “Which ones?” There are a number of different standards that cover business appraisal practice. USPAP Requires Appraisers to: 1. Understand and correctly employ recognized methods. 2. Not…
Five Standards of Value for Businesses
By what “standard of value” should a business be appraised? That may sound like a peculiar question at first blush, but it is one that has a significant meaning when one is determining the value of a private business interest. According to the International Glossary of Business Valuation Terms, “standard of value” refers to the…