Topic: Business Valuation 101
Speakers: Maureen Dearden and Todd Hollingshead from Hollingshead Dearden & Associates
Business valuation is the appraisal of entities or business assets that are privately owned. As the
companies are not traded on any stock exchange, a business valuation is necessary for reasons that
include tax planning, estates, transactions, disputes, dissolutions or compensation. Todd Hollingshead,
ASA and Maureen Dearden, ASA of Hollingshead Dearden & Associates will give an overview of the
valuation of a privately held business entity. The discussion will include:
• Why seek a business valuation?
• Who is the reader of a business valuation report?
• Standards and premises of value
• What does value represent?
• What types of assets are valued?
• What is included in a business valuation?
• What ownership interest is being valued?
• Valuation methodologies
• Discounts and Premiums – how are they developed?
• How results are correlated and a final opinion of value is reached.
Todd Hollingshead and Maureen Dearden are Accredited Senior Appraisers of the American Society
of Appraisers. They are founding members of Hollingshead, Dearden & Associates LLC, and have
been active in the business valuation industry since about 1998, working for both taxpayers and the
Internal Revenue Service. They specialize in the valuation of operating companies; holding companies
and partnerships; intangible assets; promissory notes; and various other assets and liabilities. Their
appraisals are used for various purposes such as estate tax and planning, corporate planning, corporate
conversions, charitable donations, ESOPs, long-term incentive plans, partner/shareholder disputes,
divorce, dissolution, buy/sell agreements, merger and acquisition, and purchase price allocation. They
have completed almost 1,000 appraisal reports, and several of those reports have been submitted as
expert testimony to US Tax Court.
Todd attended the University of Southern California’s Marshall School of Business, and holds a B.S. in
Business Administration with a concentration in Finance. In addition, Mr. Hollingshead received an
MBA with an emphasis in finance from the University of Illinois-Urbana-Champaign.
Maureen earned an MBA with an emphasis in finance from the University of Southern California’s
Marshall School of Business. In addition, Ms. Dearden attended the California State University at Long
Beach, and has a B.S. in Business Administration with dual concentrations in Finance and Accounting.