Marroquin v. Marroquin
Appeals court upholds trial court’s valuation of husband’s vending machine business, finding this one-person operation is akin to sole proprietorship in which any goodwill is attributable to husband’s personal efforts and reputation for competency; court says goodwill is not a marital asset.
No Enterprise Goodwill in One-Person Business, Utah Appeals Court Confirms
Appeals court upholds trial court’s valuation of husband’s vending machine business, finding this one-person operation is akin to sole proprietorship in which any goodwill is attributable to husband’s personal efforts and reputation for competency; court says goodwill is not a marital asset.
Eleventh Circuit Affirms Tax Court’s Valuation of Trust’s Interest in LLC
Affirming FMV conclusion, appeals court says Tax Court did not err in focusing less on details of methodology parties’ appraisers used than on larger issue of whether hypothetical seller would be able to force distribution of majority of LLC’s assets.
Eleventh Circuit Affirms Tax Court’s Valuation of Trust’s Interest in LLC
Affirming FMV conclusion, appeals court says Tax Court did not err in focusing less on details of methodology parties’ appraisers used than on larger issue of whether hypothetical seller would be able to force distribution of majority of LLC’s assets.
Estate of Koons v. Commissioner (Koons II)
Affirming FMV conclusion, appeals court says Tax Court did not err in focusing less on details of methodology parties’ appraisers used than on larger issue of whether hypothetical seller would be able to force distribution of majority of LLC’s assets.
Court Rejects Expert’s Regression Equation to Determine DLOM
In determining the fair market value of a revocable trust’s interest in an LLC, the Tax Court adopts the IRS expert’s marketability discount and valuation; he rightly assumed it was reasonably foreseeable at the time of the decedent’s death that the trust ...
Estate of Koons v. Commissioner
In determining the fair market value of a revocable trust’s interest in an LLC, the Tax Court adopts the IRS expert’s marketability discount and valuation; he rightly assumed it was reasonably foreseeable at the time of the decedent’s death that the trust ...
Thompson v. Thompson
At issue is the valuation of couple's business and the wife's expert's testimony.
Liquidation Value May Be Considered Even If No Intent to Liquidate
The trial court valued the husband's business, Cavalier Vending Corp., at $300,000, based upon the testimony of two experts.
Wilbur Lafayette Thompson III v. Roberta French Thompson
The Virginia Court of Appeals considered whether the lower court properly heard testimony regarding the value of the business from wife's expert. Her expert only provided rebuttal testimony and did not perform an independent appraisal of the business. R ...
Going Concern and Liquidation Values Considered
The Virginia Court of Appeals considered whether the lower court properly heard testimony regarding the value of the business from wife's expert. Her expert only provided rebuttal testimony and did not perform an independent appraisal of the business. R ...