McLelland v. Paxton

BVLaw
Full Text of Court Cases
November 21, 2019
8021 Offices and Clinics of Dentists
621210 Offices of Dentists
judicial dissolution
goodwill, enterprise goodwill, capitalization of earnings, fair market value (FMV), going concern, limited liability company, professional corporation, partnership dissolution, future income, capitalization of excess earnings method

McLelland v. Paxton
2019 Wash. App. LEXIS 2960
US
State Court
Washington
Court of Appeals
Lenore Romney (plaintiff/respondent); Charles Wilhoite, Scott Martin (defendant/appellant)
Fearing

Summary

In dissolution dispute, appeals court affirms trial court’s finding, based on plaintiff expert testimony, that dissolved professional LLC had entity goodwill at trial based, in large part, on ownership of three leases and operation of offices that doctors could use upon termination of partnership.
McLelland v. Paxton
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See Also

Washington State Appeals Court Adopts Rule on Entity Goodwill in Professional LLC

In dissolution dispute, appeals court affirms trial court’s finding, based on plaintiff expert testimony, that dissolved professional LLC had entity goodwill at trial based, in large part, on ownership of three leases and operation of offices that doctors could use upon termination of partnership.