BV560 NICE for Operating Companies

Class Date/Time

Thursday, August 27, 2026
1:00pm-3:00pm Eastern Standard Time

Registration Includes

• Access to virtual webinar via zoom will be accessible via education dashboard (login required)
• Electronic webinar handout(s)*

*Any webinar handouts will be made available to registrants the morning of the live event and made accessible via your education dashboard (login required). Once handouts have been posted for download, the class is no longer refundable. 

Continuing Education (CE) Credit

This webinar will award 2.4 CE/CPE hour(s) for the live event. If you are a designated member of ASA, CE credit will automatically be entered into your record after you participate in the live webinar and complete any required post-webinar components within the Course Wrap-up section.  

NASBA and Continuing Professional Education (CPE) Credit

Policies: ASA's Refund and Cancellation Policy and ASA's Complaint Resolution Policy. ASA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org

CPE Credit: Up to (2.4) CPE credits
Program Level: Intermediate
NASBA Knowledge Type: Specialized Knowledge
Delivery Method: Virtual
Prerequisites: None
Advanced Preparation: None 

Webinar Description

This webinar will provide appraisers of equity interests and closely held operating companies a quantitative method of determining discounts for lack of control and lack of marketability. The Tax Court has recently been receptive to discounts determined quantitatively. We provide an excel based model which will calculate results but the user needs to understand the parameters by which the required inputs are selected. Like the original NICE, this model is based on academic research tied to empirical studies. Participants will be provided the NICE for Operating Companies model. 

Recommended Pre-Reading

Review NICE materials in NICE Users Group of ASAConnect. 

ASA has established a dedicated advisory team for NICE model users, aiming to offer comprehensive support and guidance. To remain informed and engaged, individuals are encouraged to join ASAConnect. To do so, follow these steps: 

1. Log in to Home (appraisers.org)
2. Navigate to ASAConnect, found in the top right-hand corner of the website 
3. Go to ‘Groups’ along the top bar
4. Select the ‘NICE Method Users Group’ 

This initiative intends to enhance user experience and facilitate efficient utilization of the NICE model. If you have any trouble accessing or have any questions, please contact member services at asainfo@appraisers.org 

Instructional Methods

Methods include lecture, visual PPT presentation and polling questions. 

Course Audience

Business appraisers who value equity interests in operating purposes for tax purposes

Learning Level 

Intermediate

Upon completion of this course, students will be able to:

• Recognize factors which affect discounts;
• Explain why such factors affect discounts; 
• Test the effect of the factors by varying assumptions; and 
• Communicate the results of the analysis by utilizing provided report summary.

eMaterials

All course materials included with you registration are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution. All downloadable materials are accessible via your education dashboard (login required). Once eMaterials have been posted for download, the class is no longer refundable.

Accessing eMaterials

eMaterials are provided electronically in PDF format and posted to the class the morning of the live event and listed within the education dashboard for all registrants to securely access prior to the start of the webinar. When opting to print downloadable materials, it is recommended that settings be adjusted to print in black and white (or grayscale) and consider printing double-sided on recycled paper.

Certificate of Completion

A certificate of completion will be available to view and/or download immediately via your education dashboard once all required components are completed.