A guide to small business appraisal for owners, accountants, attorneys, brokers, appraisers, bankers, financial and estate planners, and business consultants. This revised and updated edition (first was 1986) maintains its coverage of the intricate details unique to small business valuation, while stepping through the entire valuation process. Beginning with the fundamentals, Pratt brings together both theoretical principles and generally accepted practices to provide a complete, balanced approach to the most effective valuation techniques. Includes present value tables, reprints of key revenue rulings (including 59-60), ASA business valuation standards, and expanded reference sources and bibliography. The classic bestseller on estimating the value of small businesses and professional practices is fully updated and enhanced. While continuing to take readers step-by-step through the valuation process, it now features timely new or significantly revised chapters on valuation for estate plans, employee stock ownership plans, and corporate partnership dissolutions/buyouts. Along with case studies, it also offers greatly expanded coverage of data sources and their availability to small businesses. A step-by-step guide to the valuation, this classic bestseller now features chapters on valuation for estate plans, employee stock ownership plans, and corporate partnership dissolutions/buyouts. It offers case studies and expanded coverage of data sources and their availability to small businesses Pub: 10/97. Completely revised and updated second edition maintains its unparalleled coverage of the intricate details unique to small business valuation. Intended to be an invaluable guide for both beginning and experienced professionals. DLC: Small business-Valuation.