Personal Goodwill Not Included in Marital Value of Commercial Plumbing Business

Business Valuation UpdateVol. 10 No. 4
Legal and Court Case Update
April 2004

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1711 Plumbing, Heating, and Air-Conditioning
238220 Plumbing, Heating, and Air-Conditioning Contractors
marital dissolution/divorce
marital dissolution
Sanders v. Sanders
2004 Ark. App. LEXIS 114
February 4, 2004
US
State Court
Arkansas
Court of Appeals
Randy Atkins (for wife); Angela Morelock, CPA (for husband)
Neal

Summary

In this marital dissolution, one issue was the value of husband’s commercial plumbing business, T.J. Mechanical, Inc.

See Also

Sanders v. Sanders

Full Text of Court Cases
February 4, 2004

Husband's expert's valuation upheld because of competent method (excess earnings & sales price to cash flow), detailed testimony and experience.