Our New Valuation Proposal Request Form Is Here!!

In recent years, there has been increased demand for valuation services specifically geared to Family Limited Partnerships ["FLP's"] or Limited Liability Companies [LLC's"] serving legitimate investment and estate planning purposes. In short, these entities hold various assets, from publicly-traded securities to revenue-producing properties or land for development for ultimate transfer to heirs while in the meantime, under certain circumstances, minimizing the estate/gift tax bite and providing added flexibility. There also has been stronger demand for valuations involving professional practices for a variety of purposes.
That area of Business Valuation is for the experts, in the sense that discounts which are legally available must be based on reasoned and well-documented judgement calls, and certainly not from any formula or software package. In other words, all discounts must be supported by relevant studies and should not conflict with the case law in any way. The case law has been growing exponentially in recent years, and one way to keep up is to consult our T&E Case Alert: Click here !

J.L. Pierson & Co. LLC has been heavily involved in this field, and in particular in the following types of projects:

Complex fractional real estate portfolio valuations.
Valuation of interests in FLP's holding marketable securities and/or real estate or both.
Valuation of interests in LLC's holding marketable securities, real estate or other investment partnership interests.
Valuation of accounting, medical, dental and law Professional Practices, often for marital dissolution cases, "earn-outs" and other purposes.

J.L. Pierson, ASA has been involved in many such intangible-heavy, often litigation-driven valuations, and welcomes your inquiries. Click here to read the outline of a presentation by J.L. Pierson to a CLE seminar of the Connecticut Bar Association on April 9, 1999 in North Haven, CT. The seminar was entitled "Attorneys Facing Retirement" and J.L. spoke on how law practices are generally valued.Click here to read the outline of a presentation given by J.L. at the September 24, 2001 meeting of New York Chapter of ASA on "Valuation issues in Family Limited Partnerships and LLCs." J.L. is keeping current in this area. He has significant experience using the Mercer model, and the Partnership Profile ® data. He attended a seminar on FLP discounts in November, 2000: click here for a description of the topics at the ASA FLP seminar in Milwaukee, WI. In October, 2001 J.L. attended the first seminar on the Valuation of Family Limited Partnerships at the Center for Advanced Valuation Studies in Chicago, IL. CAVS is the graduate level education facility of the ASA's Business Valuation Committee. CAVS can be reached through This Link. A long bibliography, for the most part writen during the past 5 years, is now available.

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