S Corporation’s Cash at Year-End Is Not the Same as Cash Available for Distribution to Shareholders for Support Calculation Purposes

Business Valuation Update BVLaw
Legal and Court Case Update
June 25, 2004
3679 Electronic Components, NEC
334419 Other Electronic Component Manufacturing
marital dissolution/divorce

Zold v. Zold
2004 Fla. App. LEXIS 8923
US
State Court
Florida
Court of Appeals
Charles W. Willits, Norman D. Levin, Richard L. Trionfo
Peterson

Summary

The Florida Court of Appeal, Fifth District reversed the lower court’s award of spousal support because the trial court improperly concluded that the amount of cash in the subchapter S corporation at year end as reflected on its balance sheet was availabl ...

See Also

Zold v. Zold

The issue in this case was the value of husband's Electronics company.