Shannon P. Pratt, CFA, FASA, MCBA, CM&AA, is the Chairman and CEO of Shannon Pratt Valuations, Inc. a premier business valuation firm located in Portland Oregon, and is the founder and Editor Emeritus of Business Valuation Resources, LLC. Over a distinguished career of close to four decades, he has performed valuation engagements for M&A, ESOPs, gift and estate taxation, marital dissolution, shareholder oppression and dissent, and numerous other purposes. He has conducted numerous fairness and solvency opinions, has testified in a wide variety of federal and state courts across the country, and frequently participates in arbitration and mediation proceedings. Dr. Pratt is one of the most successful and respected authors in his field. He is the author or coauthor of several industry standards, including Valuing a Business: The Analysis and Appraisal of Closely Held Companies, Valuing Small Businesses and Professional Practices, The Market Approach to Valuing Businesses, Standards of Value, Business Valuation and Taxes, The Lawyer's Business Valuation Handbook, and Cost of Capital. ALINA V. NICULITA, CFA, is President and COO of Shannon Pratt Valuations, LLC. She earned her bachelor of economics in banking and financing from the Academy of Economic Studies in Bucharest, Romania, and her master's in business administration in finance from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh. Ms. Niculita is a Chartered Financial Analyst, a member of the CFA Institute, and a candidate of the American Society of Appraisers in Business Valuation.