Going Concern and Salary Not Enough for Value

Business Valuation Update BVLaw
Legal and Court Case Update
July 7, 1996

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marital dissolution/divorce
Irene E. Rubin v. Irving A. Rubin
No. 155254 (MI. App. 1996), unpublished
US
State Court
Michigan
Court of Appeals
Per Curiam

Summary

The Michigan Court of Appeals affirmed the lower court's valuation of a container products company at zero even though it was a going concern on the valuation date and the husband drew a salary from the company.

See Also

Irene E. Rubin v. Irving A. Rubin

Full Text of Court Cases
July 7, 1996

The Michigan Court of Appeals affirmed the lower court's valuation of a container products company at zero even though it was a going concern on the valuation date and the husband drew a salary from the company. In reaching the value of zero, the lower c ...