Partnership Statute Precludes Use of Minority Discount in Buying Out Dissociated Partner

BVLaw
Court Case Digests
September 14, 2020
2085 Distilled and Blended Liquors
312140 Distilleries
judicial dissolution
discount for lack of control (DLOC), expert testimony, buyout, discount for lack of marketability (DLOM), going concern, minority discount, willing buyer, willing seller

Boesch v. Holeman
2020 U.S.P.Q.2D (BNA) 11062; 2020 Tenn. App. LEXIS 410; 2020 WL 5537005
US
State Court
Tennessee
Court of Appeals
Robert Parker (plaintiff); Renee Harwell (defendants)
Swiney

Summary

In dispute over value of dissociated partner’s one-third interest in whiskey business, appeals court says trial court erred in adopting value determination that applied discount for lack of control; applicable partnership law requires value be based on sale of entire business as a going concern.

See Also

Boesch v. Holeman

In dispute over value of dissociated partner’s one-third interest in whiskey business, appeals court says trial court erred in adopting value determination that applied discount for lack of control; applicable partnership law requires value be based on sale of entire business as a going concern.

This article also appears in:
Business Valuation UpdateVol. 26 No. 12