Tax law changes require some businesses to undertake a business valuation. The Tax Reform Act of 1986 requires that a qualified independent business valuator provide a stock valuation upon the formation of an Employee Stock Ownership Plan (ESOP), and each year thereafter. the valuation must reflect consideration of the treatment of leverage, control premium, minority interest considerations and repurchase liabilities. Conforming to the Employee Retirement Income Security Act (ERISA) and Department of Labor (DOL) regulations, along with other industry standards, is required. The complexity of these issues suggests you need a business valuation professional with the expertise to analyze the information and comply with all of the regulations.