Defining and Estimating “Value” in the LLC Setting

Fair value (business valuation/nonfinancial reporting) is usually a legally created standard of value that applies to certain specific transactions. In most states, fair value is the statutory standard of value applicable in cases of dissenting stockholders’appraisal rights. *Model Business Corporation Act § 13.01(3)(ABA 1984).

  Value, Defining, Estimating, Defining and estimating value in