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Mercer’s Musings #1: USPAP and the Internal Revenue Service

Chris Mercer

Many years ago, I wrote a column for the Business Valuation Review that the editor, Jay Fishman, FASA , called “Mercer’s Musings.” We must also comply with the ASA Business Valuation Standards and the Principles of Appraisal Practice and Code of Ethics of the American Society of Appraisers.

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Understanding S-Corps, C-Corps, and LLCs: Navigating the Alphabet

Equilest

This simple breakdown of the fundamentals of every structure and the way in which business valuation software powered by AI might help make the best decision shall come from this post. Conclusion Selecting the proper business structure is very important in the functioning of a business enterprise.

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USPAP Standards Rule 9-4 Creates a Problem for Business Appraisers

Chris Mercer

It is used some thirty times through Standard 10 (Business Valuation, Reporting). The factor is not “sales of capital stock or other ownership interest in similar business enterprises.” ” The other business interest could be privately owned or publicly traded based on this guidance.

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No Marketability Discounts or Discounts for Illiquidity for Controlling Interests of Companies

Chris Mercer

” The International Valuation Glossary – Business Valuation (“the Glossary”) provides definitions of liquidity and marketability and their related discounts. Liquidity — the ability to quickly or readily convert an asset, business or investment to cash at minimal cost. ” (p. ” (p.