Jay B. Abrams, ASA, CPA, MBA, is the author of four books on business valuation, with McGraw-Hill as publisher of the first two and John Wiley & Sons as the publisher of the next two. His first book, Quantitative Business Valuation: A Mathematical Approach for Today’s Professionals, ©2001 is the most mathematical text on the valuation of private business. It has a five-star rating on Amazon.com, which you can find by going to Amazon’s website and typing his name in the search field. His second book, How to Value Your Business and Increase its Potential ©2005, is a beginning text written for the business owner.
The second edition of Quantitative Business Valuation for John Wiley & Sons printed in March 2010. Mr. Abrams has finished the first draft of the manuscript, Valuing S Corporations and Non-Tax Entities, and is working on the final manuscript. He believes this will be the dominant method to value non-tax entities. Under current tax rates it typically results in S Corporation premiums over C Corporation values around 9% to 20%, compared to the IRS Gross method of a 67% premium. However, if in the future Congress passes an increase in the qualified dividends tax and/or capital gains tax rates, the S Corporation premium will increase, as the S election would then be shielding its owners from a greater level of double taxation.
CFO Magazine has printed articles about both of Mr. Abrams’ published books (“A Beautiful Find,” April 2002 issue, page 18 and CFO.com, the online magazine, wrote an extensive article on April 7, 2005 (originally at www.cfo.com/article.cfm/3840159?) about the future valuation formula in chapter 9 of his second book. CFO also interviewed him as an industry expert for an article on business valuation for its 20th anniversary issue in March 2005.
Mr. Abrams has invented over 150 valuation formulas and several valuation models—for calculating discount rates, discount for lack of marketability, S Corporation premiums, etc. He has an MBA in finance from the Universityof Chicago, where he also took graduate courses in the Department of Economics. He served as a columnist on a panel of experts to answer difficult questions posed by valuation practitioners in Business Valuation Q&A, Business Valuation Resources, LLC, Portland, OR.
Mr. Abrams is the President of Abrams Valuation Group, Inc., with offices inNorth Hollywood,California,New York, andSan Diego. He was a Project Manager at Arthur D. Little Valuation, Inc. inLos Angeles,California, where he performed the valuations of Columbia Pictures, Dr. Pepper, Purex, MCO Geothermal, VSA, and many other large firms.
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Valuation expert and noted author Jay A. Abrams teaches attorneys about the key concepts of business valuation and damage calculation. The ...click for details