Goodwill in Professional Practice Valuation

At October 10, 2023
By Miles Mason
In Business Valuation, Divorce, Forensic Accounting
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Miles Mason, Sr. JD, CPA, joins Kurt Myers, Rob Vance, and Rhonda Sides to discuss the Lunn Case, a sole proprietor whose dental practice did not receive goodwill in the court’s business valuation. How to argue against Tennessee case law, use business theory to your advantage, and operate a case from an outcome-oriented perspective. From the 2021 Tennessee Society of CPAs, Forensic & Valuation Services Conference.

https://youtu.be/UxQjhZY2B8w?si=veCzeUbbarzGkIZh

Goodwill in Professional Practice Divorce Valuation (https://youtu.be/UxQjhZY2B8w?si=veCzeUbbarzGkIZh)

CHAPTERS:
0:00 – Intro
1:57 – Lunn Case Summary
6:55 – Should Sole Proprietorships Have Goodwill?
8:10 – Judge’s Perspective
10:35 – Arguing Against TN Case Law
14:02 – Learn the Drivers of the Business
14:58 – Industry Experts

Kurt Myers
(615) 324-3855

Robert Vance
(901) 507-9173

Rhonda Sides
(615) 320-5500

Miles Mason, Sr. JD, CPA, is author of The Forensic Accounting Deskbook: A Practical Guide to Financial Investigation and Analysis for Family Lawyers, Second Edition, published by the ABA Family Law Section.

Watch More Highlights From the TSCPA Valuation Panel

Visit Our Tennessee Family Law Blog to Read Summaries of Business Valuation Cases and view When Professionals Divorce in Tennessee: Valuing Professional Practices.