Key-person and marketability discounts lumped together
In this marital dissolution, the issue was the value of the family business, which, in part, sold puppies.
Frawley v. Frawley
In this marital dissolution the issue was the value of the family business which, in part, sold puppies.
Intrinsic Value Appropriate in Marital Dissolution so No Discounts Applied
The issues in this case were whether, in valuing husband’s business interest, the trial court abused its discretion by failing to apply (1) a discount for lack of control (2) a discount for capital gains tax consequences (3) salary adjustments.
Owens v. Owens
Seeing that a sale of husband's interest in his corporation was not probable, the judge did not allow a minority interest to be applied.
613 Fairview Ave., LLC v. Pong's Corp. Inc.
The Washington Court of Appeals determined that the new business rule did not preclude an award of lost profits based on a breach of a commercial lease to a franchisee who was unable to open its franchise as a result of the breach.
Tax Court Details Noncompete Covenant
The issue in this case is whether State Supply, a distributor of beauty supply products organized as an S corporation, may amortize $2.5 million for noncompete covenants.
Michael v. Michael
Issue was the fair market value of the parties' 92% interest in Michael Machine. Includes discussion of Revenue Ruling 59-60.
Court Rejects Extra 5% Key Person Discount Because Spouse Was Not Working Closely With His Business Over Past Five Years
In this divorce action, the major point of contention between the parties was the value of the couple’s 92% interest in Michael Machine Co. Inc., a machine company that also had invested in bank stocks.
Hickum v. Hickum
Issues include the proper valuation date and the valuation to be assigned to wife's cosmetics business.
Mochko v. Mochko
At issue is the valuation of husband's stock in a coin and collection company, pension benefits, and spoon collection.