Shannon P. Pratt, CFA, FASA, MCBA - Dr. Pratt is a Managing Director and a founder of Willamette Management Associates. He is "widely regarded as the father of the business appraisal industry" (The New York Times, April 2, 2000). He holds a DBA in Finance from Indiana University and a B.A. in Business Administration from the University of Washington. Dr. Pratt is also the author or co-author of a number of standard reference works for the valuation profession including: Valuing a Business, Valuing Small Businesses and Professional Practices, PPC's Guide to Business Valuations and Business Valuation Discounts and Premiums. He has appeared as an expert witness on valuation issues in U.S. District Court, U.S. Tax Court and many other venues. His well-known appearances in Tax Court include Estate of Artemus Davis v. Commissioner IRS and Estate of Mark S. Gallo v. Commissioner IRS.