Can a Restaurant Have Personal Goodwill?

Business Valuation UpdateVol. 20 No. 2
Legal and Court Case Update
February 2014
5812 Eating and Drinking Places
722511 Full-Service Restaurants
marital dissolution/divorce
divorce, enterprise goodwill, personal goodwill, professional goodwill, separate property

Brave v. Brave (I)
2013 Ark. App. LEXIS 570
October 2, 2013
US
State Court
Arkansas
Court of Appeals
Unknown (plaintiff); unknown (defendants)
Walmsley

Summary

State appellate court finds “professional license goodwill” exception, which treats personal goodwill as professional spouse’s separate property, applies to “unique,” successful restaurant and directs trial court to determine how much of the business’s go ...

See Also

Brave v. Brave (I)

State appellate court finds “professional license goodwill” exception, which treats personal goodwill as professional spouse’s separate property, applies to “unique,” successful restaurant and directs trial court to determine how much of the business’s go ...