Valuing Pass-Through Entities

Foreword

Pass-through entities have been an enigma to many valuation professionals over the years. Experts from Nancy Fannon to Chris Treharne to Dave Dufendach have all written extensively on pass-through entities, and specifically, S corporations. In this book, Eric Barr takes the handling of pass-through entities to new heights. Starting with the first chapter and continuing on to the last, Eric takes the reader through the byzantine nuances of valuing pass-through entities.

Valuation can be a daunting undertaking, akin to a paint-by-number picture without the numbers. In the introductory chapter, Eric lays the foundation by covering the basic building blocks of valuation. But unlike other valuation treatises, Valuing Pass-Through Entities provides a succinct, yet comprehensive overview of valuation fundamentals before tackling the often-thorny issue of valuing pass-through entities. And even more refreshing is Eric's weaving in the historical perspective that has given rise to these unique business structures, and how that historical perspective has changed over time. Like many endeavors, the original purpose for which pass-through entities were created has long since been forgotten. But understanding the genesis of pass-through entities provides a rich fabric from which the valuation professional can create a more understandable, and accurate, pass-through entity valuation. Eric's book provides the tools that allow for such a rich understanding.

And don't let me forget ...