Art Is Like Any Other Business: Value Must Include Owner’s Reasonable Salary

Business Valuation UpdateVol. 12 No. 3
Legal and Court Case Update
March 2006

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7336 Commercial Art and Graphic Design
541430 Graphic Design Services
marital dissolution/divorce
reasonable compensation, marital dissolution, present value
In re Marriage of Haefele
2006 Minn. App. Unpub. LEXIS 51
January 17, 2006
US
State Court
Minnesota
Court of Appeals
A. Larry Katz, Elizabeth B. Bowling, Kay Nord Hunt, Marc A. Johannsen
Henry Swiggum (Husband); Richard Berning (Husband); Howard Kaminsky (Wife)
Willis

Summary

In valuing inventory original artwork, must divorce court assign reasonable salary to spouse-owner?

See Also

In re Marriage of Haefele

Full Text of Court Cases
January 17, 2006

In valuing inventory original artwork, must divorce court assign reasonable salary to spouse-owner?