Personal vs. Business Goodwill

Personal vs. Business Goodwill

You cannot physically touch goodwill, but it is a significantly valuable asset for many businesses. Although it is most commonly associated with professional service firms, goodwill can also exist among manufacturers, retailers, contractors, and other types of...
When Subsequent Events Count

When Subsequent Events Count

The value of a business interest is valid as of a specific date. The effective date is a critical cutoff point because events that occur after that date generally are not considered when estimating value. However, there are two key exceptions. 1. When an Event Is...