Appellate court upholds no CPA practice goodwill

Business Valuation UpdateVol. 2 No. 9
Legal and Court Case Update
September 1996
8721 Accounting, Auditing, and Bookkeeping Services
541219 Other Accounting Services
marital dissolution/divorce
personal goodwill

Flauto v. Flauto
1996 Ohio App. LEXIS 1895
May 9, 1996
State Court
Court of Appeals
Patricia Piteo (for wife); Thomas J. Anness (for husband)


Wife's expert, Patricia Piteo of Cohen & Co., valued husband's 80% partnership interest in Flauto and Kitelinger, CPAs, at $214,700 by considering assets such as accounts receivable, unbilled work in progress, and goodwill.

See Also

Flauto v. Flauto

At issue is the valuation of husband's accounting business.