Tennessee Appeals Court Straddles Goodwill Issue in Divorce

Business Valuation UpdateVol. 21 No. 10
Legal and Court Case Update
October 2015
8021 Offices and Clinics of Dentists
621210 Offices of Dentists
marital dissolution/divorce
goodwill, enterprise goodwill, expert testimony, net asset value, personal goodwill, sole proprietorship, hard asset value

Lunn v. Lunn
2015 Tenn. App. LEXIS 515
June 29, 2015
US
State Court
Tennessee
Court of Appeals
Robert Vance (wife/appellee); Brent A. McDade (husband/appellant)
Frierson, II

Summary

Appeals court finds enterprise goodwill is not a marital asset when the business is a sole proprietorship and orders trial court to produce a valuation of husband’s solo dental practice without “consideration of professional or enterprise goodwill.”

See Also

Lunn v. Lunn

Appeals court finds enterprise goodwill is not a marital asset when the business is a sole proprietorship and orders trial court to produce a valuation of husband’s solo dental practice without “consideration of professional or enterprise goodwill.”