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* 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?

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* 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?

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* 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.)

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* 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?

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* 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.)

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