S Corp Valuation Methods Question Title * 1. When valuing a noncontrolling equity interest in a private Subchapter S corporation under the income approach, would you typically apply a "premium" to account for the differences between the data on publicly traded C corporations, from which you derive a cost of capital, and the subject S corporation, to which you will apply it? Yes No Please comment if you'd like: Question Title * 2. If you answered "no" to Question 1, do you still account for the effect of taxes on the value of an S Corp versus a C Corp by adjusting the discount rate? Yes No Please comment if you'd like: Question Title * 3. If you answered “yes” to Question 2, which of the following models do plan to use or apply in deriving an S Corp premium in your next valuation of a pass-through entity? (Check all that apply.) Van Vleet Model Grabowski Model Mercer Model Treharne Model Delaware Chancery model (based on DE Open MRI Radiology Assoc. v. Kessler, 898 A.2d 290 (Del. Ch. 2006) Approach suggested by Nancy Fannon and Keith Sellers in their 2015 publication, Taxes and Value Other (please specify) Question Title * 4. Has the recent research presented by Nancy Fannon and Keith Sellers regarding the effect of shareholder-level taxes on firm value had an effect on how you account for S Corporation values? No Yes I'm still reading, reviewing, and processing the research Please comment if you'd like: Question Title * 5. Aside from S corporation valuation, what other issues are you finding to be the most troublesome in your daily work (i.e., discounts, report writing, etc.) Submit