‘Personal Goodwill’ and ‘Business Enterprise Goodwill’ Must Be Excluded From the Valuation of a Professional Practice

Business Valuation UpdateVol. 10 No. 9
Legal and Court Case Update
September 2004

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0742 Veterinary Services for Animal Specialties
541940 Veterinary Services
marital dissolution/divorce
goodwill
Watson v. Watson
2004 Miss. LEXIS 709
June 24, 2004
US
State Court
Mississippi
Supreme Court
John R. McNeal Jr., Richard C. Roberts III
Elbert Bivins, CPA/ABV, CVA (for husband), James A. Koerber, CPA/ABV, CVA (for wife)
Dickinson

Summary

The issue in this marital dissolution was the value of husband’s veterinarian practice, Magnolia Animal Clinic, which opened in 1987. The parties filed for divorce in 2000.

See Also

Watson v. Watson

Full Text of Court Cases
June 24, 2004

The issue in this case was the value of goodwill in husband's vet practice.