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BVR's Guide to Personal v. Enterprise Goodwill

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BVR's Guide to Personal v. Enterprise Goodwill



Preview the Table of Contents & Excerpt from BVR's Guide to Personal v. Enterprise Goodwill (Feature Enhanced PDF)

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For a list of links to full texts of court case opinions related to goodwill, click on the heading below.

Full Text of Court Case Opinions

  Updates

4/22/2009
When One Expert Turns to Three: Can Personal Goodwill Apply to a Commercial Firm?

This Arkansas case began with the court appointing a neutral expert, a CPA, to appraise the husband’s interest in his own business, a family owned commercial enterprise. (The appellate court opinion provides no further details regarding the specific nature of the business or its industry.) The neutral expert valued the business based on the excess earnings method, determining that it was worth $421,000.
Read full abstract article (Word DOC) | Read full text of court opinioin (PDF)


Practical Techniques for Separating Personal vs. Professional Goodwill
Click here to download the presentation on Practical Techniques for Separating Personal vs. Professional Goodwill presented at BVR’s 2nd Annual Summit on Business Valuation in Divorce by David Wood, Michael Van Amburgh,Ron Seigneur and Jim Alerding

Listen to Goodwill Teleconference:
(Click to Play - Runtime: 3'12")

Download Teleconference Transcript (400kb/PDF)

  Goodwill In The News
Note: News feeds are automated and not screened for accuracy or applicability
8/27/2010
Commentary: Decision does not clarify goodwill - Wisconsin Law Journal
8/20/2010
Commentary: Salable professional goodwill as divisible property - Wisconsin Law Journal
9/1/2010
SRGR Law Offices Senior Associate writes a book on the "Valuation of ... - Bar & Bench
8/25/2010
Building Society pays out £1600 after Jessica's help - Telegraph.co.uk
8/20/2010
Warhol's box of tricks - The Guardian
8/20/2010
IN RE MARRIAGE OF OURADA - Leagle.com
8/11/2010
Santander 'worst bank for customer service' - Money Saving Expert
8/11/2010
China Nepstar Chain Drugstore Reports Second Quarter 2010 Financial Results - MarketWatch (press release)
8/12/2010
HOWARD v. AMERICAN NATIONAL FIRE INS. CO. - Leagle.com
  Goodwill In The BVWire
8/11/2010
In 1980, Larry Howard, DDS, incorporated his practice, becoming the sole shareholder, officer, and director. He also entered a covenant not to compete (in effect, protecting his company from himself). Whatever his objective, when he retired in 2002 and sold his practice to another "corporate...
Issue #95-2

8/11/2010
You can find as many reports that the recession is driving up the divorce rate as those that say the economic crisis has caused couples to delay or even decide against their own relationship crisis. We did a quick, informal search on BVLaw™ and found that divorce cases have indeed declined since...
Issue #95-2

7/14/2010
BVR provides over 90 free articles, papers and standards written by top experts in the field of business valuation. The top ten downloads last month were: * Historic Trends in Private Company Valuation Multiples * Reasonable Compensation Data Sources * Energy Capital Corp vs.
Issue #94-1

6/16/2010
* BVR/Morningstar 3rd Annual Summit on Business Valuation in Divorce – Chicago, September 13-14. This year’s summit, co-chaired by Jay Fishman (Financial Research Associates) and William Morrison (Morrison & Company), is co-presented with Morningstar at its global headquarters and will feature...
Issue #93-2

5/5/2010
BVR provides over 90 free articles, papers and standards written by top experts in the field of business valuation. The top ten downloads last month were: * How to Use Transactional Databases for M&A, 2010 Update * Holman v. Commissioner, 8th Cir. (April 7, 2010) * Personal...
Issue #92-1

4/14/2010
Goodwill may still be on the menu at some restaurants Last week’s item on the Mistretta case generated some immediate feedback. "I’d like to congratulate Gary Trugman on Mistretta and don’t doubt his finding minimal goodwill in that restaurant, but I would suggest you can’t automatically dismiss...
Issue #91-2

4/7/2010
In Mistretta v.Mistretta (Fla. App., Feb. 18, 2010), the trial court valued the husband’s restaurant at $854,000, based on a valuation report prepared nearly a year earlier. The husband moved for reconsideration, claiming the recession caused the restaurant to lose value. The trial court agreed...
Issue #91-1

4/7/2010
BVR provides over 90 free articles, papers and standards written by top experts in the field of business valuation. The top ten downloads last month were: * Personal Goodwill: A Survey of Definitions * Substantial and Gross Valuation Misstatements Attributable to Incorrect Appraisals...
Issue #91-1

3/31/2010
A trio of new divorce cases highlights the constant challenge of appraising medical practices, everything from doctors who won’t disclose their finances to those who insist their opinions should determine value. In Garcia v. Garcia (Fla. App., Jan. 20, 2010), the husband’s expert argued for a...
Issue #90-5

3/31/2010
BVWire received many comments about definitions after our recent articles on personal goodwill and control premia. If you’re ever at a loss, remember BVR's Glossary of Business Valuation Terms - 2010 Edition, available as a free service here.
Issue #90-5



  Goodwill In The Blogs
Note: Blog feeds are automated and not screened for accuracy or applicability
Florida Divorce * Child Custody * Domestic Violence Law Lawyer ...
Husband appeals the trial court's rulings, asserting that a significant portion of the practice's value represents goodwill and that that portion is nonmarital and should not be divided between the spouses but retained by Husband. Husband also asserts that the alimony award double-dips into the cash flow encapsulated into the valuation of the practice. On appeal, Wisconsin's intermediate appellate court upheld the trial court's rulings, finding that marketable goodwill is ...
Top Ten Business Valuation Questions for Business Appraisers ...
This value represents the total funding of the asset side of the balance sheet for all fixed assets, cash, receivables, inventory, and the goodwill of the business. Equity Value is the enterprise value less all liabilities of the ...
Commentary: Decision does not clarify goodwill - Wisconsin Law ...
Doesn't the existence, therefore, of a non-compete agreement prove that in the free market (which is the lodestar for valuation in Wisconsin) the value of the business is inextricably tied into the future income of the business? ... In theory, this future stream is more transferrable in a non-professional practice and any “personal goodwill” can be remedied by a key man discount. Still, if the value of the business that is included in the divisible estate is derived by ...
ValuAdder Business Valuation Blog » Blog Archive » Chiropractic ...
A well conducted chiropractic practice appraisal usually relies on several business valuation methods. Since chiropractic clinics can build up considerable practice goodwill, the Capitalized Excess Earnings valuation method is a ...
Hannah's ME Blog: Goodwill - Can it be transferred?
We shall not go into the technical details of goodwill valuation and recognition as per accounting rules. Suffice it to say here that in accounting, goodwill is the excess of the amount paid over the Net Asset Value of an acquired business. (Net Asset is the total value of a ... Personal goodwill may in some rare cases be transferred through client introductions and so on, but in most instances it resides with the individual and technically cannot be transferred. ...



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Accessed: Sunday, 9/5/2010 9:48:56 PM.