Summary
State appellate court validates trial court’s use of book value of LLC to compute FMV of withdrawing partner’s interest; it finds the income approach is inapplicable because there is no guarantee of future cash flow considering the withdrawing member prov ...
Fancher v. Prudhome
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See Also
Book Value Accurately Reflects FMV of Departing Partner’s Interest
State appellate court validates trial court’s use of book value of LLC to compute FMV of withdrawing partner’s interest; it finds the income approach is inapplicable because there is no guarantee of future cash flow considering the withdrawing member prov ...