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Since one often hears the term “fair value” or “fair market value,” it would be easy to assume that “fairness opinion” means the same thing.  A fairness opinion may be based to some degree on fair market value, but there the similarities end.  Assume that you are president of a family business and the other members are not active in the business, but are stockholders; or you are president of a privately held company that has several investors/stockholders.  The decision

Rigorous due diligence is vital for investors who want to validate their investment theories and assess a target’s long-term growth potential. Sellers face increasing pressure for discerning buyers, and the due diligence process can substantially slow a sale. Sell-side due diligence can shorten the time to closing, increase sale price, and foster trust and cooperation between a buyer and seller. Here are five ways to get the most out of this process: Assess Business Sale Timing Whether there is neutral,

Placing a price on a privately-held company is usually more complex than placing a value, or a price, on a publicly-held company.  There are many reasons for this fact, but one of the top reasons is that privately-held companies don’t have audited financial statements. Why are Audited Financial Statements Lacking in Privately-Held Companies? Preparing an audited financial statement is expensive and, as a result, many companies that have not gone public simply forego the expense.  On the other hand, publicly