Court Credits Goodwill Determination Based on ‘With/Without’ Method

BVLaw
Court Case Digests
March 28, 2018
1711 Plumbing, Heating, and Air-Conditioning
238220 Plumbing, Heating, and Air-Conditioning Contractors
marital dissolution/divorce
enterprise goodwill, expert testimony, intangible assets, personal goodwill, tax, sole proprietorship, with/without method

In re Marriage of Cooksey (Cooksey v. Cooksey)
Circuit Court, Fourth Judicial Circuit, in and for Clay County, Florida, Case: 2016-DR-0021, Div. E
US
State Court
Florida
Circuit Court, Fourth Judicial Circuit
Alexander Rey (wife); Joshua Shilts (husband)
Lester

Summary

In Florida divorce involving sole proprietorship, court rejects separate valuation of various intangible assets and credits owner expert’s valuation, using “with/without” method to quantify personal goodwill; court considers tax consequences even where sale of business is not imminent.

See Also

In re Marriage of Cooksey (Cooksey v. Cooksey)

In Florida divorce involving sole proprietorship, court rejects separate valuation of various intangible assets and credits owner expert’s valuation, using “with/without” method to quantify personal goodwill; court considers tax consequences even where sale of business is not imminent.

This article also appears in:
Business Valuation UpdateVol. 25 No. 11