Personal Goodwill Not Included in Marital Value of Commercial Plumbing Business

Business Valuation UpdateVol. 10 No. 4
Legal and Court Case Update
April 2004
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
State Court
Court of Appeals
Randy Atkins (for wife); Angela Morelock, CPA (for husband)


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

See Also

Sanders v. Sanders

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