Court Questions Idea of Goodwill in Solo Practice Valuation

Business Valuation UpdateVol. 20 No. 5
Legal and Court Case Update
May 2014
8021 Offices and Clinics of Dentists
621210 Offices of Dentists
marital dissolution/divorce
goodwill, enterprise goodwill, professional goodwill, asset approach, liquidation, market approach, professional practice, guideline transaction method

Hartline v. Hartline
2014 Tenn. App. LEXIS 7
January 13, 2014
US
State Court
Tennessee
Court of Appeals
Corinne Henderson (wife); no expert (husband)
Frierson

Summary

Appeals court says distinction between professional goodwill and future earnings capacity “evanesces” when valuing solo professional practice; trial court erred in adopting value based on guideline transaction method that considered professional goodwill.

See Also

Hartline v. Hartline

Appeals court says distinction between professional goodwill and future earnings capacity “evanesces” when valuing solo professional practice; trial court erred in adopting value based on guideline transaction method that considered professional goodwill.