Not every valuation is for a sale to an outside buyer. Partner buyouts, estate planning transfers, SBA financing, and distressed situations each have unique considerations that affect how value is determined and what matters most.

Partner buyouts involve minority interests and control premiums. Estate valuations involve IRS rules and discounts. SBA loans have specific appraisal requirements. Distressed valuations may focus on liquidation rather than going-concern value.

In this topic, you'll learn to navigate these special situations, understanding what makes each unique and how valuation approaches differ from standard M&A contexts.