Lock and Key Shops
This U.S. industry comprises establishments primarily engaged in (1) selling mechanical or electronic locking devices, safes, and security vaults, along with installation, repair, rebuilding, or adjusting services or (2) installing, repairing, rebuilding, and adjusting mechanical or electronic locking devices, safes, and security vaults.
Cargotec Corp. v. Logan Industries
Appeals court majority strikes down lost profits and diminished business value awards, finding plaintiff failed to show causation and its damages expert based his calculations on management’s business plan without substantiating the plan’s underlying (unreasonable) gross profit goals.
Court’s Majority Says Expert’s Reliance on Management Projections Was Unreasonable
Appeals court majority strikes down lost profits and diminished business value awards, finding plaintiff failed to show causation and its damages expert based his calculations on management’s business plan without substantiating the plan’s underlying (unreasonable) gross profit goals.
Shareholder agreement restrictions support 30% marketability discounts
The wife appealed a judgment from the trial court that valued husband's minority interest in a closely held corporation in a dissolution of marriage. Wife challenged the trial court's qualif ...
Cerretani v. Cerretani
Wife challenged the trial court's qualification of husband's witness as an expert witness and discounting husband's interest by 30%.
Michael Alan Greene v. Kelly Sue Greene
The Ohio Court of Appeals, Fifth District, affirmed the valuation of personal service business (Xerox sales) using an asset approach. The appellate court noted that the wife did not provide the trial court with an appraisal of the business, and as such, t ...
Trial Court Affirmed Because of Lack of Expert Testimony
The Ohio Court of Appeals, 5th District, affirmed the valuation of personal service business (Xerox sales) using an asset approach.
Nardini v. Nardini
One issue in this case was the different application of the comparison method of valuation of a jointly owned fire extinguisher service business.
Elliotts, Inc. v. Commissioner
Issue is whether part of the compensation paid Taxpayer's chief executive and sole shareholder constituted a dividend distribution and thus was not deductible under section 162(a)(1).