Goodwill Not Automatic in Commercial Business

Business Valuation UpdateVol. 10 No. 8
Legal and Court Case Update
August 2004
1521 General Contractors-Single-Family Houses
236118 Residential Remodelers
marital dissolution/divorce

Soileau v. Soileau
2003 1282 (La.App. 3 Cir, 04/07/04), 2004 La. App. LEXIS 863
April 7, 2004
US
State Court
Louisiana
Court of Appeals
Gregory N. Wampler, Henry H. Lemoine Jr., Michael H. Davis
Bobby Lester, CPA (court appointed)
Decuir

Summary

The trial court concluded, on the basis of the expert testimony of Bobby Lester, that husband’s construction company had no value.

See Also

Soileau v. Soileau

Goodwill can not be included for a professional corporation, husband's expert included no goodwill value, burden of proof was on wife to contest, but did not do so at trial. Ruling affirmed.