BV522 Valuation Considerations for Tax Receivable Agreements

Webinar Description

For this session, we will discuss the general methodology used to value tax receivable agreements ("TRA"). We will provide an overview of TRAs, discussing the benefits provided to the company and the shareholders, as well as, the impact of the 2017 tax reform on TRAs. We will discuss the differences and similarities between the most common types of TRAs. We will examine the unique risk factors impacting TRA payments, as well as, discuss the different considerations that would need to be factored in the valuation of tax benefits, examining some of the common pitfalls in the valuation process. We will layout the framework of the valuation methodologies that are gaining consensus and walk through a couple of basic examples.

Learning Outcomes

Upon webinar completion, the participant will be able to:

• Develop an understanding of the importance of TRAs and differentiate between the most common types;
• Identify the common risk factors impacting TRA payments; 
• Explain and implement the basic valuation methodologies for TRAs; and 
• Anticipate some of the common valuation challenges. 

Webinar Audience

CFOs, Controllers & CAOs, Tax professionals, Auditors, and Valuation professionals with focus in business valuation and complex financial instruments

Instructor Information

Manny Ngan, ASA | BDO

Manny is a Director of BDO’s Valuation and Business Analytics practice. Manny has over 10 years of experience providing valuation services to clients as well as assisting them in identifying, quantifying, and managing risk. He specializes in complex financial instruments valuation, capital market transaction analytics, as well as corporate finance advisory services.

Gaurav Ray, ASA | BDO

Gaurav is a Senior Manager of BDO’s Valuation and Business Analytics practice.  Gaurav has over 14 years of experience providing valuation services and has been part of numerous corporate finance engagements, fairness opinions and complex advisory engagements.

Continuing Education

Review of this session recording will award 2 CE hour(s). 

CPE credit is not awarded for this pre-recorded offering.