Goodwill Is Not a Distributable Partnership Asset

Business Valuation Update BVLaw
Legal and Court Case Update
March 26, 1999

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buy/sell agreement
Lawrence J. Kaplan v. Jospeh Schachter & Co., et al.
690 N.Y.S.2d 91 (A.D. 2 Dept. 1999)
US
State Court
New York
Supreme Court
Miller

Summary

The New York Supreme Court, Appellate Division, 2nd Department, concluded that the goodwill was not a corporate asset subject to distribution in a business dissolution.

See Also

Lawrence J. Kaplan v. Joseph Schachter & Co., et al.

Full Text of Court Cases
March 26, 1999

The New York Supreme Court, Appellate Division, Second Department concluded that the goodwill was not a corporate asset subject to distribution in a business dissolution. In reaching this decision, the court found how the partners actually treated the fi ...