Auto Body Repair
This U.S. industry comprises establishments primarily engaged in repairing or customizing automotive vehicles, such as passenger cars, trucks, and vans, and all trailer bodies and interiors; and/or painting automotive vehicles and trailer bodies.
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.