Stout’s Jay Fishman Contributes to The Lawyer’s Business Valuation Handbook

Jay Fishman, Managing Director in Stout’s Business Valuation practice, is part of the Editorial Advisory Board and updated several chapters for the recently released third edition of The Lawyer’s Business Valuation Handbook.

Originally published in 2000 by Dr. Shannon Pratt, the book is considered the go-to guide for attorneys and judges who encounter disputed (or potentially disputed) business valuation matters. Jay contributed to the chapters “Personal versus Enterprise Goodwill,” “Marital Dissolution Valuations,” “Valuation Reports,” and “Business Valuation Standards and Credentials.”

This third edition expands on original chapters, with updates to reflect current methodologies and insights, including new chapters. Highlights of key updates include expanded discussion on:

• Discount rate development: New material on discount rates for small closely held businesses
• Valuations for federal income tax matters: A chapter covering federal tax valuation issues (other than gift, estate, and charitable contribution matters), and an introduction to transfer pricing
• Shareholder and partner disputes: A new Appendix B with state-by-state definitions of value in dissent and oppression matters
• Valuing interests in real property holding entities: Information on covering partial interest discounts and the relationship between entities owning the real property and those owning a related operating business
• Valuing intellectual property and intangible assets: Information on covering legally protected intellectual property, rights of publicity, income tax and transfer pricing considerations, and differences in valuing such assets for financial reporting purposes
• Company information, site visits, and interviews
• Employment and noncompetition agreements

“I am honored to have contributed to several chapters in The Lawyer’s Business Valuation Handbook: Third Edition alongside an esteemed group of leaders in the business valuation industry,” said Jay. “Drawing upon over 40 years of experience, I aimed to provide valuable insights and practical guidance for legal and valuation professionals so they can make informed decisions.”

The book is available on the American Bar Association’s website.