Shannon Pratt Business Valuations

Welcome to Defensible Business Valuations™ the quarterly newsletter of Shannon Pratt Business Valuations, Inc. Each issue contains articles related to business valuation, including recent court cases, advice for working with business valuation professionals, appraisal methods, and more. Some of these articles have been authored by Dr. Shannon Pratt, one of the country's leading business appraisers and experts.

For your convenience, we have archived past newsletter issues by year and quarter. You will need Adobe Reader version 7 or higher to read the newsletter, which is in .PDF format. If you do not have Reader, please visit http://www.adobe.com/products/acrobat/readstep2.html to download the latest free version of Adobe Reader

Click on the links below to access the current issue or the archived issues of our quarterly newsletter - Defensible Business Valuations™.

Current Issue - Spring 2008 Issue

This issue of Shannon Pratt Valuations' Defensible Business Valuations™ includes articles on using business appraisers and solvency opinions to bring or defend against fraudulent transfer claims in bankruptcy; the SEC's new Rule 2290, which requires increased disclosure of information related to fairness opinions; a discussion of multiple business valuation standards and credentials; a summary of a study finding that Daubert evidentiary challenges of financial experts are increasing rapidly; and an abstract of a case that rejected an absolute prohibition on using discounts for lack of marketability in marital dissolution cases.

Winter 2008 Issue

This issue of Shannon Pratt Business Valuations' Defensible Business Valuation™ focuses on discovery and evidentiary issues in business valuation litigation. Included are articles on the impact of the new federal civil procedure rules on e-discovery and experts; discovery of draft valuation reports; and a post-trial Daubert challenge to a lost profits expert and award.

Fall 2007 Issue

This issue of Shannon Pratt Business Valuations' Defensible Business Valuations includes articles on how to leverage your business appraiser during discovery to refute the opposition; recent case law determining that fair value is not the standard of value in a shareholder dispute; the circumstances under which it is a breach of an ESOP trustee's fiduciary duty to not apply a discount for lack of marketability when determining a redemption price; and a checklist ESOP trustees can use to ensure that appraisal reports meet guidelines for accuracy and thoroughness.

Winter 2007 Issue

This issue of Defensible Valuations™ focuses on buy-sell agreements and provides advice on how to effectively use business appraisers when drafting buy-sell and arbitration agreements-before there is any litigation - as well as a checklist for addressing the thorniest valuation issues in buy-sell agreements. The issue also reviews what to know about intangible asset valuation before heading to court and presents a recent valuation case where the winning expert paid particular attention to intangible assets.

Fall 2006 Issue

This issue includes hands-on practical articles such as: Getting the Most Benefit from Your Business Appraiser; Avoid Valuation Traps in Court; Bullet-Proofing Your Business Valuation Reports.