For DLOM, Court Looks to Signs of Sale of Practice

Business Valuation UpdateVol. 20 No. 7
Legal and Court Case Update
July 2014

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8021 Offices and Clinics of Dentists
621210 Offices of Dentists
marital dissolution/divorce
enterprise goodwill, income approach, personal goodwill, asset approach, discount for lack of marketability (DLOM), noncompete agreement
Barnes v. Barnes
2014 Tenn. App. LEXIS 200
April 10, 2014
US
State Court
Tennessee
Court of Appeals
Unknown (wife); Unknown (husband)
Highers

Summary

Court affirms income-based valuation of husband’s dental clinic, including deduction for non-compete attributable to associate, but finds lack of signs that husband intended to sell practice precludes use of DLOM.

See Also

Barnes v. Barnes

Full Text of Court Cases
April 10, 2014

Court affirms income-based valuation of husband’s dental clinic, including deduction for non-compete attributable to associate, but finds lack of signs that husband intended to sell practice precludes use of DLOM.