9th Circuit Affirms Tax Court; Noncompete Must Be Amortized Over 15 Years, Not Life of Agreement
Redemption was an “acquisition” within the meaning of IRC section 197 because Frontier regained possession and control over 75% of its stock.
Tax Court Determines That Value Was 'Somewhere in the Middle' of Expert Opinions
The taxpayers' expert, Gregory Heebink, used the discounted cash flow (DCF) method and the guideline public company method.
Hess v. Commissioner
Taxpayers gave 10 shares of HII common stock (a 10% stockholder interest) to an irrevocable trust established for their daughter. Issue was the fair market value of the stock for gift tax p ...
Frontier Chevrolet Co. v. Commissioner
Issue is whether company's redemption of 75% of its stock was an “acquisition” within the meaning of IRC section 197, and whether the covenant not to compete needed to be amortized.
Section 2000 Fair Value Assumes a Hypothetical Seller's Covenant Not to Compete
This was a voluntary corporate dissolution proceeding.
Prairie Eye Center, Ltd. v. Patrick J. Butler, M.D.
The Illinois Court of Appeals, 4th District, considered whether a lost profits award for breach of a non-compete agreement was speculative.
What is going concern value?
I would be very interested in your comments about the following statement: "The value of the going concern refers to the total value of the property, including both the real property and ...
PricewaterhouseCoopers valuation practice makes seamless transition to new unit of Standard & Poors
The recent acquisition of PricewaterhouseCoopers' (PwC) U.S. Corporate Value Consulting practice by the Standard & Poors division of McGraw-Hill (S&P) was the largest acquisition of a valuatio ...
Mart v. Severson
In voluntary corporate dissolution proceeding, Severson exercised his right under Cal. Corp. Code section 2000 to purchase Mart's shares at their fair value to avoid dissolution.
Actual Noncompete Agreement Not Relevant to Fair Value Determination
The California Court of Appeals, District 1, reversed the lower court’s determination of fair value in this voluntary dissolution proceeding.
Distinguishing and measuring personal goodwill in a litigation setting
PART I Personal goodwill has burst onto the valuation scene over the past couple of years. It is not a new concept but one that seems to have "caught on" recently in many arenas. The most visible ...
In re the Marriage of Moser
At issue is the valuation of husband's veterinary practice.
Zero goodwill in veterinary practice absent noncompete agreement
In this marital dissolution case, the wife appealed the valuation of her husband's veterinary practice, claiming that the trial court incorrectly valued the goodwill of the practice at zero.
In re the Marriage of Mally
At issue is the valuation of husband's chiropractic practice.
Valuation of chiropractic practice based on personal knowledge, noncompete considerations
The valuation issue in this marital dissolution concerned the value of the husband's chiropractic professional corporation. On de novo review, the court valued the corporation at $240,000.
Goodwill Value Must Exclude Employee Compensation, Personal Goodwill, and Noncompete Agreement Factors
The valuation at issue in this marital dissolution appeal involved the husband's dental practice. On appeal, the husband challenged the trial court's acceptance of the wife's goodwill valuat ...
Rolfe v. Rolfe
In Re the Marriage of: William P. Rolfe, Jr., petitioner, Appellant, vs. Janice J. Rolfe, Respondent. C2-00-19, Court of Appeals Unpublished, August 15, 2000. P.MsoNormal { FONT-FAMILY: "Times New Roman"; FONT-SIZE: 10pt; MARGIN: 0in 0in 0pt } LI.MsoNormal { FONT-FAMILY: "Times New Roman"; FONT-SIZE: 10pt; MARGIN: 0in 0in 0pt } DIV.MsoNormal { FONT-FAMILY: "Times New Roman"; FONT-SIZE: 10pt; MARGIN: 0in 0in 0pt } H1 { FONT-FAMILY: "CG Times"; FONT-SIZE: 13pt; MARGIN: 0in 0in 0pt; TEXT-ALIGN: center } P.MsoFootnoteText { FONT-FAMILY: "Times New Roman"; FONT-SIZE: 10pt; MARGIN: 0in 0in ...
Valuing Intangible Assets Now Available!
Valuing intangible assets is a discipline that is critically important to business appraisers and others interested in valuing businesses and business interests. As it should, the sophistication of the business valuation profession is increasing at an exponential rate.