Upcoming Webinar

VPS Straight Talk Series - Continuing Professional Education on Business Valuation & Litigation

Continuing Professional Education on Business Valuation & Litigation

Tuesday, September 29, 2026, 1:00–3:00 PM ET

Methods to Value a Minority Interest in a Private Business:
The Best, the Better, and the Bad – You Ain’t Seen Nothing Yet!

Speakers: James R. Hitchner, CPA/ABV/CFF and Harold G. Martin, Jr., CPA/ABV/CFF, ASA, CFE

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Webinar Description

Excuse my English. Bachman Turner Overdrive or BTO, released that song in 1974. Harold and I were still in college then. It is apropos here. This webinar will cover nearly everything you want to know about valuing a minority interest in a private business. And yes, You Ain’t Seen Nothing Yet!

Learning Objectives

During this webinar, participants will learn to:

  1. Identify the different levels of value and the circumstances in which control premiums and minority interest discounts may apply.
  2. Explain how the ownership and distribution of equity interests can affect the valuation of controlling and minority interests.
  3. Compare direct and indirect methods for determining minority interest value, including cash flow normalization and the use of acquisition premium studies.
  4. Evaluate normalization adjustments to determine whether they are appropriate for control or minority cash flows, including adjustments for excess compensation.
  5. Recognize the level of value indicated by the discounted cash flow, capitalized cash flow, guideline public company, guideline company transactions, and net asset methods.
  6. Assess whether changes to management practices or operations can reasonably be assumed when valuing an ownership interest, particularly when considering differences between small and larger businesses.
  7. Explain the concept of “as if freely traded minority interest value” and its role in the valuation of minority interests.
  8. Identify how agency costs may be considered in determining valuation discounts, including the concepts discussed by Mercer and Harms in Business Valuation – An Integrated Theory, 3rd ed.

Handouts:

  • VPS Webinar slides
  • Various related articles
  • Following the webinar, attendees will have access to a video recording of the program

Continuing Professional Education on Business Valuation & Litigation

Jim Hitchner’s Valuation Products and Services (VPS) provides tools to assist practitioners in business valuation, litigation services, and forensics and fraud.

Valuation Products and Service, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org. Online programs sponsored by VPS are administered by the Virginia Society of CPAs. For more information regarding CPE or other policies of the Virginia Society of CPAs, visit vscpa.com/CPEPolicies or call (800) 733-8272.  Refund requests must be received in writing at least one week prior to the date of the webinar. CPE is offered for live broadcasts only. For more information regarding refunds, complaints, and/or cancellation policies, please contact VPS  at www.valuationproducts.com/contact.

The VPS StraightTalk webinar series brings you outstanding continuing professional education on business valuation and litigation topics. Unless otherwise noted, all webinars are targeted at an intermediate program level, qualify for two hours of CPE credit, and begin at 1:00 p.m. ET. With our simple flat pricing plan, your entire office (up to 20 people) can join us for this 100-minute presentation, earn two hours of CPE credit, and receive an archive recording for $299. Contact jkern@valuationproducts.com if your firm will have more than 20 attendees. More information on the VPS StraightTalk webinar series can be found here.