2.6.2 Discounts for Lack of Control Discounts for lack of control (or “DLOC”) recognize that control is a very important benefit of ownership, and are sometimes equated to a minority interest discount because a minority interest generally does not have the benefit of control. However, there are situations where a minority interest has majority control (e.g., an organization with shareholders who have limited voting rights. There is usually less perceived risk in an investment when the investor has the benefit of control. A minority owner without special rights or powers cannot control the paying of dividends, cannot sell the assets of the company, and cannot director manage the activities of the company. In order to estimate a reasonable DLOC, the facts and circumstances of the specific situation of the subject entity should be evaluated. Key items to consider when evaluating a minority interest fora DLOC Include, but are not limited to, the non‐controlling shareholder’s lack of
