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Buy-Sell Agreements for Baby Boomer Business Owners has been available as a Kindle book for about five weeks now. During this short time, the book has received seven 5-star reviews from a variety of readers. I thought I’d share the reviews with readers of this blog.

Miles Mason, Sr., of the Miles Mason Family Law Group, has posted a review of my new Kindle book, Buy-Sell Agreements for Baby Boomer Business Owners.

Miles Mason, Sr., of the Miles Mason Family Law Group in Memphis, has written a book, The Tennessee Divorce Client’s Handbook, is a great primer for divorcing persons and for anyone who has not yet started but is contemplating divorce. As a divorce attorney, his basic advice is “think seriously before you enter into this […]

On a recent flight, I met a lady who works in the charitable giving area for a major institution.  We talked for a bit and I asked if she was familiar with the idea of asking business owners to consider making gifts to her charity of appreciated shares in closely held businesses.  She was familiar […]

The DLOM is an issue in virtually every gift or estate tax matter involving minority ownership interests in businesses, partnerships, limited liability companies and more. In this post, we review the “Executive Summary” and “Introduction” sections of the IRS DLOM Job Aid.

This post introduces the discussion of the IRS DLOM Job Aid. The IRS DLOM Job Aid is a manual for IRS employees to assist them when evaluating marketability discounts. It is not an official IRS position; however, it is an important document because we believe that it will likely be a much-referenced document as well as fodder for cross-examination.

Some time ago, an attorney called saying he was in the midst of a negotiation with the Internal Revenue Service regarding the enterprise value of a business. The company was in a cyclical industry and the appraiser had used a ten year analysis of historical earnings in developing his estimate of earning power for capitalization. […]

Estate of Shurtz (T.C. Memo 2010-21) was filed in February 2010, or almost two years ago. On February 24, 2010, the BV Wire, published by Business Valuation Resources, reported on the case in a short article entitled “Mercer Capital (and QMDM) wins discounts in new FLP case.” Background According to the decision, written by Judge Jacobs, […]

The subtitle of the book, Every Family’s Business, is 12 Common Sense Questions to Protect Your Wealth. If you own a closely held or family business and have been hanging on because of a nagging sense of responsibility or fear of letting go – even if you know you need to – then get and […]

We received this nice testimonial about Business Valuation: An Integrated Theory, 2nd Edition (co-authored by Travis W. Harms, CFA, CPA/ABV) from Steven Campana, CPA/ABV of Doyle & Keenan, PC and thought we would share it with you. At the risk of being redundant, since I have sung the praises of Business Valuation: An Integrated Theory, 2nd […]