Double Dipping in Tennessee Divorce Means Double Trouble (Part III)
In this final segment of our 3-part series on double dipping in Tennessee divorce, the trouble with double counting is focused on the closely held business or professional practice. (Read Part I and Part II of this series.) Anyone who has pushed through a business start-up appreciates the sweat equity required in the early days. […]
Read More»Value of Dental Practice Can’t Include Goodwill in TN Divorce
Tennessee law case summary on value of dental practice in divorce and family law from the Court of Appeals. Janice Hartline v. Robert Stephen Hartline – Tennessee divorce business valuation, dental practice. The husband and wife were married in 1986 and had been married for 25 years at the time of their Tennessee divorce. At the […]
Read More»Commerical Painting Business Valued at $200K in TN Divorce
- At June 23, 2013
- By Miles Mason
- In Business Valuation, Home
- 0
Tennessee business valuation law case summary – Commercial Painting. Tennessee divorce and family law from the Tennessee Court of Appeals. Koch v. Koch – Tennessee Divorce Business Valuation – Commercial Painting Sole Proprietorship How should a sole proprietorship be valued for the purposes of property distribution upon divorce? The physical assets and accounts receivable have ascertainable value. […]
Read More»Lawyer’s Professional Goodwill Not in Value of Firm in TN Divorce
- At May 05, 2013
- By Miles Mason
- In Business Valuation, Home
- 0
Tennessee business valuation law case summary – law firm. Tennessee divorce and family law from the Tennessee Court of Appeals. Smith v. Smith – Tennessee law firm valued in divorce and consideration of goodwill. Note: Although this is an older case, it is important because the case is often cited in more modern business valuation cases dealing […]
Read More»Pulmonary Doctor’s Practice Value Excludes Goodwill
Tennessee business valuation law case summary – pulmonary medicine practice. Tennessee divorce and family law from the Tennessee Court of Appeals. Hazard v. Hazard, 833 S.W.2d at 915 (Tenn. Ct. App., 1993) – Tennessee divorce and business valuation How do the Tennessee courts determine the value of a professional practice upon divorce? The 1991 Appellate […]
Read More»Cardiologist’s Wife Entitled to Share Practice Value Appreciation
Tennessee business valuation law case summary – Cardiologist’s practice. Tennessee divorce and family law from the Tennessee Court of Appeals. Cunningham v. Cunningham II – 2004 – Tennessee Divorce – Valuation and Division of Medical Practice This is the second appeal of Dr. and Mrs. Cunningham’s divorce stemming from the valuation of the doctor’s medical […]
Read More»Cardiologist Practice Valuation Can’t Include Goodwill
Tennessee business valuation law case summary – Cardiologist’s practice. Tennessee divorce and family law from the Tennessee Court of Appeals. Cunningham v. Cunningham I – 2000- Tennessee Divorce – Valuation and Division of Medical Practice This case involves the appeal involves the Cunninghams’ divorce after seven years of marriage. Dr. Louis Cunningham (“Dr. Cunningham”) and Cheryl […]
Read More»No Goodwill if Owner Acted as Sales Rep in TN Divorce
- At October 30, 2012
- By Miles Mason
- In Business Valuation
- 0
Tennessee business valuation law case summary – no personal goodwill included if owner acted only as a sales representative. Tennessee divorce and family law from the Tennessee Court of Appeals. Brown v. Brown, No. M2004-01573-COA-R3-CV (Tenn. Ct. App., Dec. 14, 2005). In his appeal of the Browns’ divorce trial, Mr. Brown claimed that the trial […]
Read More»Daycare’s Goodwill Excluded in TN Business Valuation Divorce
- At October 15, 2012
- By Miles Mason
- In Business Valuation
- 0
Tennessee business valuation law case summary – Daycare. Tennessee divorce and family law from the Tennessee Court of Appeals. Alsup v. Alsup, 1996 WL 411640 (Tenn. Ct. App.) The husband and wife, Ray and Judith Alsup, stipulated that Mrs. Alsup was entitled to a divorce on the grounds of Mr. Alsup’s “inappropriate marital conduct.” The […]
Read More»Valuation & Division of Accounting & CPA Firms in Tennessee Divorce
When Certified Public Accountants Divorce: Valuation & Division of Accounting & CPA Firms in Tennessee Divorce. Spouses of divorcing CPA’s will needs an expert witness to value the accounting firm and deal with goodwill issues. An accounting practice is often considered marital property when two parties divorce, which makes its value subject to division between […]
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