Failure to deduct LLC liability from asset value is error

Business Valuation UpdateVol. 9 No. 3
Legal and Court Case Update
March 2003
marital dissolution/divorce

Christopher R. McCleary v. Mari Kathleen McCleary
No. 2614 (Md. Ct. Spec. App. 2002)
December 27, 2002
US
State Court
Maryland
Court of Special Appeals
Davis

Summary

The issue in this marital dissolution matter was whether the trial court erred in valuing the husband's charter helicopter service business, Annapolis Helicopter Service, LLC (AHS). The hu ...

See Also

Christopher R. McCleary v. Mari Kathleen McCleary

The Maryland Court of Special Appeals reversed the lower court’s valuation of a closely held charter helicopter service company. The business was valued based on the value of its assets (a helicopter and cash), but failed to account for the business’s deb ...