Valuing A Minority Interest: Whether to Adjust Elements of a Financial Statement Over Which the Minority Shareholder Has No Control

Maxwell J. Taub, ASA, CBA, is president of MJ. Taub Associates, Inc., a business appraisal firm in Forest Hills, New York. He holds an MBA from Harvard Business School and a BA from Harvard College. He possesses the CFE designation from the Association of Certified Fraud Examiners, and has been active as both a business appraiser and business broker.