Valuing Pass-Through Entities

Praise for Valuing Pass-Through Entities

"By any metric, the valuation process is a complicated enterprise. This book, however, elucidates this exercise, making it comprehensible to the seasoned veteran and the beginner alike. Replete with examples, this invaluable resource would be useful for any practitioner in the field."
--Jay A. Soled, JD, LLM, Director, Rutgers University Masters in Tax Program

"From time to time in our field, a seasoned professional provides us with a fresh set of perspectives on a worn topic that causes us to think more deeply about what we do. Valuing Pass-Through Entities is such a book. Written in a lucid, accessible style, this book provides both a comprehensive treatment of tax rules and tax court rulings and their effect on pass-through entities and a carefully considered, clearly illustrated approach to using the Delaware MRI valuation formula. A satisfying read with a wealth of food for thought and practice!"
--Sarah von Helfenstein, Founder and CEO, Value Analytics & Design LLC

"Eric takes us on a logical journey that allows us to better understand how the specific ramifications of state and federal tax law impact the decision to tax affect pass-through entities. He takes us from the Delaware Chancery's decision in the Delaware Open MRI Radiology case to his Modified Delaware MRI Model (MDMM). This new and cogent methodology is well explained and thought out. He provides reasoning and explanations for us to follow in order to incorporate the MDMM in our valuation report. He also provides an extensive checklist to guide us through the exercise and calculations. This will enable us to form and perfect this particular 'art' to arrive at a better conclusion of value with a supportable process."
--Ronald D. Rudich, Senior Director of Business Valuation and Litigation Support, Gorfine, Schiller & Gardyn, P.A.

"Eric Barr has written an excellent book examining the valuation of pass-through entities. The book includes a detailed history of corporate and individual tax rates and presents a Modified Delaware MRI Model very useful to valuation analysts. Additionally, the book includes an insightful chapter on the value to the holder standard of value. The book also presents practical case studies beneficial to practitioners in applying the MDMM analysis."
--John E. Barrett, Jr., CPA, ABV, CBA, CVA, Barrett Valuation Services, Inc.