Personal Goodwill and Operating Agreement Considered

Business Valuation Update BVLaw
Legal and Court Case Update
November 26, 2001
3324 Steel Investment Foundries
331512 Steel Investment Foundries
marital dissolution/divorce
personal goodwill, fair market value (FMV), marital dissolution, book value

Houchens v. Boschert
758 N.E.2d 585, 2001 Ind. App. LEXIS 2029
State Court
Court of Appeals
Donald C. Fritz, CPA, CVA (for wife); Richard A. Schlueter (for husband)


The Indiana Court of Appeals affirmed the valuation of a wife’s one-third interest in a limited liability company holding a steel treating company.

See Also

Houchens v. Boschert

Issues were whether trial court abused its discretion when it valued wife's interest in company, accepting husband's expert and by failing to exclude her personal goodwill.