Owner’s Compensation and Corporate Retained Earnings Considered

Business Valuation Update BVLaw
Legal and Court Case Update
July 30, 2004

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0291 General Farms, Primarily Livestock and Animal Specialties
112120 Dairy Cattle and Milk Production
marital dissolution/divorce
Steve Neibaur v. Penny Neibaur (Neibaur I)
No. 29871 (ID App. 2004)
US
State Court
Idaho
Court of Appeals
Stanley W. Welsh, William A. Parsons
Lansing

Summary

The Idaho Court of Appeals determined that a marital community could not be reimbursed from the separate property business under a piercing-the-corporate-veil theory. It could only be reimbursed under an under-compensation theory or a retained earnings th ...

See Also

Steve Neibaur v. Penny Neibaur (Neibaur I)

Full Text of Court Cases
July 30, 2004

The Idaho Court of Appeals determined that a marital community could not be reimbursed from the separate property business under a piercing-the-corporate-veil theory. It could only be reimbursed under an under-compensation theory or a retained earnings th ...