In the professional world of the valuation of privately owned businesses, the notion of discounting the value of an ownership interest in a company due to lack of control is an ongoing consideration. The question is whether or not the value of an interest is less when it is owned by a person with less control than a person with […]

By Paul Wonch, MBA, CPA/ABV, CVA, MAFF

Several years ago when I was doing a valuation of a car dealership in Wyoming, one of the owners told me, “beauty is in the eye of the beholder.” He was referring to a small junk yard with old vehicles and parts that appeared to me couldn’t be worth much. His point, however, is […]

By Paul Wonch, MBA, CPA/ABV, CVA, MAFF

Here at Wonch Valuation Advisors, we do valuations, specifically—business valuations. The International Glossary of Business Valuation Terms defines business valuation as “the act or process of determining the value of a business enterprise or ownership interest therein.” This definition suggests an important distinction between a business enterprise and an ownership interest in a business.

A […]