Evidence Establishing the Existence and Value of Personal Goodwill Must Be Shown Before Personal Goodwill May Be Excluded From the Valuation

Business Valuation Update BVLaw
Legal and Court Case Update
November 17, 2005
marital dissolution/divorce

Balicki v Balicki
No. 45A03-0409-CV-402
State Court
Court of Appeals
Debra Lynch Dubovich, James A. Harris, James M. Kapitan, Judy M. Tyrrell


The Indiana Court of Appeals affirmed the valuation of business that did not consider the personal versus enterprise goodwill distinction. It concluded that “if a party wishes to exclude personal goodwill from a business’ valuation in a dissolution procee ...

See Also

Balicki v Balicki

Court declines to distinguish personal from enterprise goodwill where the parties failed to produce evidence of personal goodwill component at trial.