Valuation Confirms Salability of ‘Unique’ Restaurant’s Goodwill

Business Valuation UpdateVol. 20 No. 7
Legal and Court Case Update
July 2014

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5812 Eating and Drinking Places
722511 Full-Service Restaurants
marital dissolution/divorce
divorce, enterprise goodwill, personal goodwill, professional goodwill, separate property, nonprofessional business
Brave v. Brave (II)
2014 Ark. LEXIS 232
April 17, 2014
US
State Court
Arkansas
Supreme Court
Unknown (wife); Unknown (husband)
Hoofman

Summary

State high court rejects per se extension of personal goodwill concept to nonprofessional businesses and finds in case at issue restaurant’s valuation indicates goodwill is marketable and thus corporate and subject to marital distribution.

See Also

Brave v. Brave (II)

Full Text of Court Cases
April 17, 2014

State high court rejects per se extension of personal goodwill concept to nonprofessional businesses and finds in case at issue restaurant’s valuation indicates goodwill is marketable and thus corporate and subject to marital distribution.