Court Declines to Attribute Commercial Goodwill to Solo Practice

Business Valuation UpdateVol. 21 No. 11
Legal and Court Case Update
November 2015

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6282 Investment Advice
523930 Investment Advice
marital dissolution/divorce
goodwill, excess earnings method, expert testimony, intangible assets, personal goodwill, discount for lack of marketability (DLOM), fair market value (FMV), sole proprietorship, book value, tangible assets
K.T. v. M.T.
2015 Tex. App. LEXIS 8558
August 13, 2015
US
State Court
Texas
Court of Appeals
Bryan Rice (husband/appellee); James Francis (wife/appellant)
Livingston

Summary

Appeals court affirms trial court’s ruling finding that, without noncompete from owner-spouse, under FMV standard, financial advisor’s solo practice fetches only net book value of its tangible assets; most of value lies in owner-spouse’s personal goodwill ...

See Also

K.T. v. M.T.

Full Text of Court Cases
August 13, 2015

Appeals court affirms trial court’s ruling finding that, without noncompete from owner-spouse, under FMV standard, financial advisor’s solo practice fetches only net book value of its tangible assets; most of value lies in owner-spouse’s personal goodwill ...