Course DescriptionAttorneys and judges encounter the issue of goodwill in closely held businesses in a number of contexts: divorce, estate & gift tax, buy/sell agreements and partnership/corporate dissolutions. Traditionally, trial courts and attorneys rely on appraisal experts to determine the value of goodwill. Appraisal theory recognizes multiple methods and procedures, which leaves room for widely varying values for goodwill in contested cases.
In part two of this course, business valuation expert Michael Sack Elmaleh will introduce a methodology that will provide fair and realistic appraisal values without relying on the conflicting appraisal methods discussed in part 1. Mr. Elmaleh will drill down to the economic substance of enterprise goodwill from both the buyer's and the seller's view, helping viewers understand how to achieve a value that can effectively be used in a litigation context.
Length: 1hr 7min
- Steve L.
- Debora J.
Meet the Lecturer(s)
- Adjunct Instructor in mathematics, statistics, economics, accounting and finance for ten years in Wisconsin and Maryland.
- Partner and sole proprietor of accounting practices in Madison, Wisconsin for 17 years.
- Certified Public Accountant and Certified Valuation Analyst.
- BA in philosophy and psychology, MS in accounting and an MA in philosophy all from University of Wisconsin.
- My first book, Financial Accounting: A Mercifully Brief Introduction was recently released. Previous publications include articles in professional journals on valuation theory, taxation and accounting. I have also written numerous political commentaries in Madison newspapers. Many years of community and political activism.