South Carolina Supreme Court Makes New Law on Business Goodwill

Business Valuation UpdateVol. 21 No. 12
Legal and Court Case Update
December 2015
5719 Miscellaneous Homefurnishings Stores
442299 All Other Home Furnishings Stores
marital dissolution/divorce
goodwill, divorce, expert testimony, intangible assets, discount for lack of marketability (DLOM), fair market value (FMV), equitable distribution, appreciation, tangible assets, valuation date

Moore v. Moore
2015 S.C. LEXIS 343
October 7, 2015
US
State Court
South Carolina
Supreme Court
Raymond E. McKay (Expert 1, wife), Jay E. Fishman (Expert 2, wife); B. Perry Woodside III (husband)
Kittredge

Summary

In a first, state high court “cautiously” decides enterprise goodwill is marital property subject to equitable division and affirms that personal goodwill is not; court rejects claim that only professionals can develop personal goodwill in a business.

See Also

Moore v. Moore

In a first, state high court “cautiously” decides enterprise goodwill is marital property subject to equitable division and affirms that personal goodwill is not; court rejects claim that only professionals can develop personal goodwill in a business.