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Introduction to Business Valuation for a Closely-Held Business

Robert Schlegel, FASA, MCBA

Houlihan Valuation Advisors

Thursday, August 26, 2021 | 02:00 PM EDT

  • CMA
  • CPA (US)
  • CVA

2 Credits


Subject Area


Webinar Qualifies For

2 CPE credit for Certified Management Accountants (CMA)

2 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

2 CPD credit (Verifiable) for CPA/ABV

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

Of 23 million small businesses in the US, most are sole proprietorships.  About 6 million with less than 50 employees.

“Main Street” businesses, generally with revenues of less than $2 Million.

Business types include wide variety of manufacturing, distribution, and service business

“How much is this business interest worth?”

This question is not one that is easily answered. 

The answer depends on: 

1) Economic factors (these can be local, regional, national, and international)

2) The premise and standard of value selected

3) Appropriate valuation method applied

4) Interest being valued

Historically, the valuation of a closely held company was more of an art than a science; there was

some guidance provided by the IRS and minimal reporting standards.

For closely- held businesses, where the company stock or ownership interest is not traded on an open, public exchange, there is no quick and easy formula that allows us to determine the value of the business interest. Just as each business is unique, the valuation process for each business will be unique also. There is a general process however, that we can rely on to ensure completeness in our approach. This white paper describes the steps that you as a client or an advisor should expect to see when engaging a valuation analyst to complete the valuation of a closely-held business.

This online CPE course will address the fundamentals necessary for an analyst to consider in undertaking Business Services for closely-held firms. 

Major Topics covered in this online CPE webinar:

  • What is a Closely-Held Business?
  • What is a “Main Street” Business?
  • Who is on Main Street?
  • What are the valuation needs of these business owners?
  • What are the hot issues in business valuation?
  • What are the steps in the valuation process?

Learning Objectives

  • To recognize the opportunities for business appraisal for closely-held business owners.
  • To identify the types of typical assignments.
  • To discuss the credentials in the marketplace.
  • To be familiar with appropriate standards, approaches, and methods of analysis.
  • To determine the need for financial analysis, risks in the business, and application of market evidence for closely-held businesses.
  • To be able to comprehend the various types of reports.

Who Should Attend?

  • Certified Management Accountant
  • Certified Public Accountant
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA