BV552 Key Updates for Valuing S Corps, LLCs, and Partnerships

Webinar Description

The debate over how to value pass-through entities (S corporations, LLCs, and partnerships) has raged in the courts and academia for decades. In recent years, landmark court rulings and shifting tax regulations have further complicated the valuation landscape. I will explain the good, the bad, and the ugly offered in important recent court decisions including Kress v. U.S., Estate of Jones, Estate of Michael Jackson, Ryan v. Ryan, and Estate of Cecil. I will also explain how to use the Van Vleet Model (SEAM) to value pass-through entities, and demonstrate how to adjust the model for potential changes in tax laws, such as the scheduled 2026 sunsetting of key attributes of the Tax Cuts and Jobs Act.

Learning Outcomes

Upon webinar completion, the participant will be able to:

• Understand the differences between C corporations and pass-through entities and how those differences impact valuation; 
• Use the Van Vleet Model (also known as the SEAM) to value a pass-through entity, in conjunction with the various methods of the income, market, and asset approaches; 
• Identify key takeaways from recent federal and state court decisions that address the complex issues involved in valuing pass-through entities; and 
• Adjust valuation inputs and modeling to account for potential future changes in tax law.

Course Audience

Business valuation professionals, accountants, business owners and executives, corporate/tax/estate attorneys, and wealth advisors.

Instructor Information

William P. McInerney, ASA | Griffing Group

William P. McInerney, ASA is a Principal at the Griffing Group. Mr. McInerney provides valuation and damages analyses, including expert witness services, for purposes of commercial litigation, shareholder disputes, estate and gift tax reporting and disputes, employee stock ownership plan compliance, ERISA litigation, and marital dissolution. He has authored articles and presented at professional conferences on topics including the valuation of pass-through entities, corporate disputes, and best practices for tax-related valuations and IRS communication.

Continuing Education

Review of this session recording will award 2.4 CE hour(s). 

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