Salary Should Be Considered When Valuing a Key Employee Business

Business Valuation Update BVLaw
Legal and Court Case Update
September 14, 1999

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marital dissolution/divorce
Elizabeth Anne Burnham-Steptoe v. Georffrey Johnathan Steptoe
755 So.2d 1225 (Miss. Ct. App. 1999)
US
State Court
Mississippi
Court of Appeals
Bridges

Summary

The Mississippi Court of Appeals affirmed the lower court's decision to deduct an amount for the business owner-spouse's compensation when valuing the business for equitable distribution purposes.

See Also

Elizabeth Anne Burnham-Steptoe v. Geoffrey Johnathan Steptoe

Full Text of Court Cases
September 14, 1999

The Mississippi Court of Appeals affirmed the lower court's decision to deduct an amount for the business owner-spouse's compensation when valuing the business for equitable distribution purposes. It rejected the wife's argument that the owner's compensa ...