American Society of Appraisers: Original Articles About Appraising

Original Articles by ASA NY Appraisers

Will the Real Business Valuation Standards Please Stand Up? The AICPA's SSVS Compared to USPAP and Other Business Valuation Standards by Martin J. Lieberman and David Anderson in The CPA Journal, January 2008.: Valuation standards have been around for decades. IRS Revenue Ruling 59-60, issued in 1959, is considered the seminal work on the valuation of ownership interests in closely held businesses. Despite its age, Ruling 59-60 remains a vital document: It is still legally applicable to federal gift, income and estate tax valuations. More important, the valuation procedures that it outlines continue to serve as the template for business valuation assignments of all types, demonstrating its relevance for the complex business organizations that exist today. Go to the article.
Who Needs a Business Valuation? And Where Do You Find an Expert? by Martin J. Lieberman in NJ Business Solutions, October 2007.: Moment-to-moment reports of sales of actively traded securities allow owners of such shares to value their interests contemporaneously. Owners of interests in closely-held businesses do not have this luxury. To find out what their businesses are worth, generally they have to hold their interests out for sale for a reasonable period of time and see what offers come. Alternatively, they can engage a business valuation expert to develop a value conclusion specifically for their business. Go to the article.
Using Shareholder Agreements to Avoid Problems in Family-Owned Businesses Learn how to craft solutions before problems arise. by Martin J. Lieberman. Cover story for Big Ideas for Small Business, June 2007.: According to the U.S. Small Business Administration, as many as 90% of all U.S. businesses are family-owned. But many of businesses here today may be gone tomorrow because of conflict within the second or subsequent generation on who should get what from the business and who should do what for the business. Martin J. Lieberman, CPA/ABV, ASA, a partner in the accounting firm of Weiser LLP in New York City, who has more than 30 years experience in valuation of closely-held businesses, provides some insights and advice to help family businesses overcome the challenges that often lead to their demise. Go to the article.

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