When One Expert Turns to Three: Can Personal Goodwill Apply to a Commercial Firm?

Business Valuation UpdateVol. 15 No. 5
Legal and Court Case Update
May 2009
1799 Special Trade Contractors, NEC
238130 Framing Contractors
marital dissolution/divorce

Cummings v. Cummings
2009 WL 331436 (Ark. App.)
February 11, 2009
US
State Court
Arkansas
Court of Appeals
Gary Welch (neutral); Rachel Kremer (wife); Bruce Engstrom (husband)
Pittman

Summary

Arkansas court precludes deduction for "personal goodwill" when valuing a family owned, commercial business in divorce.

See Also

Cummings v. Cummings

Arkansas court precludes deduction for "personal goodwill" when valuing a family owned, commercial business in divorce.