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Discount for Lack of Control (DLOC) Considerations

Apr 14, 2026 · 478 KB Download

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Applying the DLOC consideration framework mitigates risk by aligning level of value, control assumptions, and governing documents to support consistent, defensible conclusions, particularly where shareholder agreements, operating agreements, or estate and gift tax contexts affect control rights and pricing outcomes.

This tool will assist:

Experienced practitioners

  • Applying disciplined judgment to control rights, reducing challenge and rebuttal risk

  • Maintaining consistency across approaches to avoid conflicting level‑of‑value conclusions

  • Supporting defensibility through documented linkage to governing agreements

Entry‑level professionals

  • Establishing base level of

Download the Discount for Lack of Control (DLOC) Considerations

File name: FVS Section Discount for Lack of Control_2026.pdf

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