Valuing Tiered Partnership Structures

May 27, 2010

Business Valuation Resources Webinar

William H. Frazier, Principal at HFBBE Inc., was a featured speaker with John Porter, Partner at BakerBotts, on a Business Valuation Resources Webinar titled “Valuing Tiered Partnership Structures”.

Webinar Description:
As any appraiser will tell you, discounts for lack of marketability and adjustments for minority interests can be a headache. When the ownership structure of the appraisal target begins to get complicated, with multiple ownership “tiers”, however, these adjustments can take on a life of their own, making the appraisal assignment a nightmare.

To help you through that nightmare, William Frazier and John Porter joined BVR on May 27 for “Valuing Tiered Partnership Structures”, an in-depth look at the unique challenges posed by complicated ownership arrangements. Through the course of their 100-minute teleconference, these two experts provided the insights necessary to tackle the inherent challenges in placing a value on these tricky structures.

Topics covered included:

  • The emergence of tiered ownership structures
  • Increased used of the Family Limited Partnership (FLP) vehicle in estate planning
  • Longer lives of FLPs and their implications
  • How do tiers affect discounts?
  • Related court cases and limited information available from those opinions
  • The economic theory of tiered ownership and related financial structures
  • Economic risks and valuation consequents of tiered ownership structures

Presentation: Valuing Tiered Partnership Structures DOWNLOAD PDF >