Articles
The House of Representatives passed the Build Back Better (BBB) Bill (H.R. 5376) on Friday, November 19, 2021. The BBB Bill is now before the Senate.
Business owners already struggling with the continued uncertainty surrounding the pandemic are also facing the prospect of higher taxes and a resulting negative impact on company cash flow, profitability and valuations.
As valuation experts, we are often called upon by clients, estate planning attorneys, and other CPAs to provide an opinion as to discounts applicable to gifts of minority interests in limited liability companies (LLCs) and Family Limited Partnerships (FLPs).
Business value cannot be determined – unless it is measured. Savvy executives who leverage credible valuations are positioned for success.
After an entity changes hands, the buyer must satisfy U.S. GAAP financial reporting standards defining whether the transaction is subject to business combination accounting.
