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Partnership Agreement and Excess Earnings Method Considered

The California Court of Appeal, Second District affirmed the valuation of an attorney’s interest in a law partnership. The partnership interest was valued under the partnership agreement at the value of its capital account, exclusive of goodwill, accounts ...

In re the Marriage of Nancy L. Iredale v. Clifton B. Cates, III

The California Court of Appeal, Second District affirmed the valuation of an attorney’s interest in a law partnership. The partnership interest was valued under the partnership agreement at the value of its capital account, exclusive of goodwill, accounts ...

New York Compares ‘Double Dipping’ for Professional Licenses vs. Income-Producing Assets

New York Supreme Court considers extending prohibition against double counting from professional licenses to tangible assets.

Keane v. Keane

New York Supreme Court considers extending prohibition against double counting from professional licenses to tangible assets.

Mary Jane Daugherty Fogarty v. Larry Joe Fogarty

The Mississippi Court of Appeals affirmed a lower court’s decision to treat the earnings of a business as alimony rather than as property where the only valuation evidence before the lower court were the tax returns, the business was a sole proprietorship ...

Lack of Valuation Evidence Results in Finding That Body Shop’s Only Asset Was Nondivisible Personal Goodwill

The Mississippi Court of Appeals affirmed a lower court’s decision to treat the earnings of a business as alimony rather than as property where the only valuation evidence before the lower court were the tax returns, the business was a sole proprietorship ...

Recent arm's-length transaction not useful

Husband (Sherman) started Automotive and Related Industries, Inc. (AutoBody) shortly after he and Wife (Barnes) separated.  The business was very similar to another business (FuelLine ...

No Discounts in Rhode Island Fair Value Determination

One of the issues in the corporate dissolution action was whether the trial court erred in refusing to apply a minority discount and a discount for lack of marketability when it valued plaintiff's 20% interest in the defendant corporation.

Barnes v. Sherman

At issue is the valuation of the couple's auto body business.

No finding of arm's-length transfer used for valuation requires reversal

Two issues were raised on appeal of this marital dissolution action: Whether the business Automotive and Related Industries, Inc. (AutoBody), was marital property, and Whether the trial ...

Sale to Mother Is Not an Arm’s-Length Transaction

The D.C. Court of Appeals determined that a sale between a mother and a son that occurred two days before trial was not made at arm's-length. Since the sale was not made at arms-length, the sale price was not indicative of the business’ value. It addition ...

DiLuglio v. Providence Auto Body

At issue is whether the trial justice erred when he failed to discount the value of DiLuglio's shares in PAB because of their relative lack of marketability and lack of controlling status.

Ohio court allows discount for exaggeration?

One of the primary issues in this marital dissolution appeal was the trial court's valuation of Husband's businesses. Bach's Body Shop valued based on gross revenues The trial court ...

Bach v. Bach

At issue is the valuation of husband's body shop business.

Business assets' value discounted for exaggeration on financial statements filed with bank

One of the primary issues in this marital dissolution appeal was the trial court's valuation of husband's businesses. Bach's Body Shop valued based on gross revenues The trial court ...

Royal's Reconditioning Corporation, Inc. v. Garry Royal

The Illinois Court of Appeals reversed the lower court's award of lost profits in this breach of employment contract case.

Court Limits Lost Profits to Contractual Notice of Termination Period

The Illinois Court of Appeals reversed the lower court's award of lost profits in this breach of employment contract case.

Goehry v. Goehry

Value of business reversed because of error in treating accounts payable as accounts receivable.

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