article thumbnail

Mercer’s Musings #1: USPAP and the Internal Revenue Service

Chris Mercer

Many years ago, I wrote a column for the Business Valuation Review that the editor, Jay Fishman, FASA , called “Mercer’s Musings.” Equity interests in a business enterprise are not necessarily worth the pro rata share of the business enterprise interest value as a whole.

article thumbnail

USPAP Standards Rule 9-4 Creates a Problem for Business Appraisers

Chris Mercer

I have discussed these changes and additions in numerous speeches and publications, including on this blog. The factor is not “sales of capital stock or other ownership interest in similar business enterprises.” ” The other business interest could be privately owned or publicly traded based on this guidance.

article thumbnail

S corp vs C corp vs LLC: What’s the difference, and which one is better for your business?

ThomsonReuters

Many entrepreneurs wonder what types of business ownerships are possible and how to determine which one is right for their business. The following is a guide to the most common questions prospective business owners have about how to structure a business enterprise in the United States.