Pass-through entities have unique income tax characteristics which must be considered as part of a thorough business valuation, such as owner level income taxes on pass-through income, and potential taxes on dividends and capital gains. This area of valuation continues to evolve for both controlling and non-controlling interests.
* Recognize the characteristics of pass-through entities and impact on valuation theory. *Recall the history and current positions of IRS and Tax Court treatment of pass-through entities. *Identify the various models used by some to value controlling and non-controlling interests in pass-through entities.
Practitioners looking to grow a valuation practice within their firms, Professionals considering focusing on valuation as a career, Professionals in business and industry, particularly within corporate finance, seeking to increase their technical expertise in valuation, Professionals working in public accounting or consulting firms involved in valuation focused on mergers and acquisition, litigation, fair value, and others, Professionals preparing for the ABV examination.
Foundational or basic level of valuation knowledge prior to attending