The Internal Revenue Service (“IRS”) issued a Revenue Ruling in 1959 that to this day serves as the benchmark guide for valuation professionals to follow in their work. The revenue ruling was the 60th revenue ruling made in 1959. Thus, the ruling became known as Revenue Ruling 59-60.

The elements we examine during valuations adhere to the tenets outlined in IRS Revenue Ruling 59-60. This landmark ruling recommends that the following factors be examined in conducting a closely held business valuation:

It is amazing that this benchmark ruling is just as relevant today as it was in 1959. It also provides a great framework for business owners to evaluate the overall health of your business enterprise. Van Amburgh Valuation Associates Inc. stands ready to help you in this evaluation. Please call 972-723-9500 (Texas) or 919-964-8423 (North Carolina) if we can help.