When the time comes for your client to sell or gift shares of stock in a privately held company, how do you determine the value? Valuation experts use various approaches to arrive at a company's value and come up with a conclusion. Often that conclusion includes a discount to account for the fact that shares of a privately held company can't be bought or sold on a public exchange like the New York Stock Exchange. Valuation discounts — particularly discounts for lack of marketability (DLOMs) ...

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