In re Marriage of Hartung

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August 5, 2015

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1742 Plastering, Drywall, Acoustical, and Insulation Work
238310 Drywall and Insulation Contractors
marital dissolution/divorce
divorce, expert testimony, income approach, asset approach, discount for lack of marketability (DLOM), fair market value (FMV), going concern, going concern value
In re Marriage of Hartung
2015 Iowa App. LEXIS 688
US
State Court
Iowa
Court of Appeals
Unknown (wife/appellant); unknown (husband/appellee)
Mullins

Summary

Court rejects income approach for valuing interest in business with low bar of entry and few repeat customers; court also says asset-based valuation following Section 179 tax treatment understates true value of the company and requires upward adjustment.
In re Marriage of Hartung
PDF, Size: 100 KB

See Also

Expert’s Application of Asset Approach ‘Defies Common Sense’

Legal and Court Case Update
November 2015

Court rejects income approach for valuing interest in business with low bar of entry and few repeat customers; court also says asset-based valuation following Section 179 tax treatment understates true value of the company and requires upward adjustment.

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