Willamette Perspectives

April Perspectives cover

April 2023

Editors for this issue: Charles Wilhoite and Scott Miller, managing directors of our firm in our Portland office.

Incorporating ESG Performance in Equity Valuations

Nathan M. Hesch

Environmental, social, and governance (“ESG”) investments have seen significant growth over the past two decades. Research has suggested that ESG status has important implications for equity valuations. In this article, we examine several studies that provide the building blocks for analysts who might consider incorporating ESG factors into an equity valuation.

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Key Considerations Regarding the Valuation of “Small” Businesses

John Sanders Jr. and Dakota Ask

The valuation of small businesses often requires the application of valuation methods that are somewhat distinct from those used to value large companies, although they adhere to the same valuation concepts. This article explores the distinctions between large and small businesses, various normalization adjustments that may be necessary, and the valuation approaches and methods commonly used to value small businesses.

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The Tax Benefits and Challenges of Allocating Total Business Goodwill to Personal Goodwill in a Transaction

Lisa Tran

In transferring assets from one enterprise to another, it may be important to distinguish between personal goodwill and entity goodwill for tax reasons. This article notes how closely-held-business owners can realize significant tax savings if they can allocate portions of the total transferred enterprise value between company-owned entity goodwill and individual shareholder or employee-owned personal goodwill.

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Willamette Insights Back Issues

Insights was Willamette’s noted APEX Award of Excellence winning publication from 2010 through Winter 2023 for the scholarly examination of the contemporary and complex issues in the areas of business valuation, forensic analysis, and financial advisory services. Each Insights issue focuses on a specific topic or theme, such as discussions related to transactions, taxation, financing, bankruptcy, litigation, and strategic planning. Below are links to articles from recent issues, and links to older issues.

Winter 2023: Best Practices

Editor for this issue: Robert F. Reilly, CPA

Willamette Management Advisors Winter 2023 Insights

Transfer Tax Valuation Thought Leadership

Damages Measurement Thought Leadership

Property Appraisal Thought Leadership

Fair Value Measurement Thought Leadership

Valuation, Damages, and Transfer Price Thought Leadership

Reasonableness of Compensation Analysis Thought Leadership

Autumn 2022: Thought Leadership in Wealth Transfer Valuation Issues

Editor for this issue: Weston C. Kirk

Willamette Management Advisors Autumn 2022 Insights

Estate and Gift Tax Planning Thought Leadership

Income Tax Thought Leadership

Bankruptcy Thought Leadership

Summer 2022: Thought Leadership in Professional Practices and Licenses Valuation, Damages, and Transfer Price Analyses

Editor for this issue: Samuel S. Nicholls

Willamette Management Advisors Summer 2022 Insights

Professional Practice Valuation, Damages, and Transfer Price Thought Leadership

Professional Practices and Licenses Valuation Thought Leadership

Income Tax Thought Leadership

Winter 2022: Thought Leadership in Unit Valuation Principle Property Tax Appraisals

Editors for This Issue: Connor J. Thurman and John C. Ramirez

Willamette Winter 2022 Insights Cover Page

Intellectual Property Valuation

Federal Income Tax Thought Leadership