Court Rejects Extra 5% Key Person Discount Because Spouse Was Not Working Closely With His Business Over Past Five Years

Business Valuation Update BVLaw
Legal and Court Case Update
March 14, 1996

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5999 Miscellaneous Retail Stores, NEC
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marital dissolution/divorce
marital dissolution
Michael v. Michael
196 W. Va. 155, 469 S.E.2d 14, 1996 W. Va. LEXIS 23
US
State Court
West Virginia
Supreme Court
Per Curiam

Summary

In this divorce action, the major point of contention between the parties was the value of the couple’s 92% interest in Michael Machine Co. Inc., a machine company that also had invested in bank stocks.

See Also

Michael v. Michael

Full Text of Court Cases
March 14, 1996

Issue was the fair market value of the parties' 92% interest in Michael Machine. Includes discussion of Revenue Ruling 59-60.