All’s fair… or not – Understand the various standards of value

Description

Abstract: The need for business valuations arises in myriad types of litigation, but valuation is seldom as simple as it might seem. The final appraisal estimate is influenced by a variety of factors, including the standard of value. This article outlines the various value standards — fair market, fair, investment and intrinsic — how they differ from one another and how professional valuators decide when to apply each. (Updated 8/31/12)