Wife appeals trial court's valuation of husband's convenience stores

Business Valuation UpdateVol. 3 No. 7
Legal and Court Case Update
July 1997
5941 Sporting Goods Stores and Bicycle Shops
451110 Sporting Goods Stores
marital dissolution/divorce
marital dissolution

Leblanc v. Leblanc
694 So. 2d 1172, 1997 La. App. LEXIS 1448
May 9, 1997
State Court
Court of Appeals
Richard Martin, CPA (for wife); Charles Theriot, CPA (for husband)


Wife appealed the trial court's valuation of two marital businesses: 1) Darrell's Enterprises , a bicycle assembly business that also sold some convenience store items; and 2) B.J.'s Quick Stop Inc., which ran 14 convenience stores.

See Also

Leblanc v. Leblanc

At issue is whether the the trial court erred in not assigning a value to the "goodwill" of B.J.'s Quick Stop and Darrell's Enterprises and in valuing the corporations at liquidation value rather than at fair market value.