Lost Future Earnings of Sole Proprietor Are Not Established Where Business Lacks Profit History

Business Valuation Update BVLaw
Legal and Court Case Update
December 22, 2005

Access the Full Article

This article is available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (391 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
5211 Lumber and Other Building Materials Dealers
212319 Other Crushed and Broken Stone Mining and Quarrying
economic damages & lost profits
Joe W. King, Jr. v. General Motors Corporation
No. M2004-00616-COA-R3-CV (Tenn. App. 2005)
US
State Court
Tennessee
Court of Appeals
Jonathan Cole, Julie A. LaBunski, Philip L. Harris, Stephen C. Knight
James J. Bruess <br>
Highers

Summary

The Tennessee Court of Appeals determined that an award of lost future earnings as a component of personal injury damages could not be based on the lost business profits of the injured party’s sole proprietorship when the business’s operating history indicates losses and when it lacks in-place contracts.

See Also

Joe W. King, Jr. v. General Motors Corporation

Full Text of Court Cases
December 22, 2005

The Tennessee Court of Appeals determined that an award of lost future earnings as a component of personal injury damages could not be based on the lost business profits of the injured party’s sole proprietorship when the business’ operating history indicates losses and when it lacks in-place contracts.