Husband Argues That Valuation Should Be Reduced by Personal Income Tax Payments

Business Valuation UpdateVol. 4 No. 1
Legal and Court Case Update
January 1998
7389 Business Services, NEC
541490 Other Specialized Design Services
marital dissolution/divorce
marital dissolution

Greene v. Greene
1997 Ohio App. LEXIS 4685
October 22, 1997
US
State Court
Ohio
Court of Appeals
Dickinson

Summary

On appeal, husband argues that the trial court incorrectly valued his business because it failed to reduce the valuation amount to account for estimated personal income tax payments owed by husband and that the trial court incorrectly included goodwill as an asset of the business.

See Also

Greene v. Greene

Issue is whether trial court incorrectly valued husband's business by failing to take into account estimated personal income tax payments owed by husband and by including goodwill.