In a valuation, an appraiser will review tax returns and financial statements relevant to the business. In some cases, the parties may each hire their own appraiser. There are three primary methods for determining the value depending on the nature of the business: businesses often use either the market value, income, or assets approach.
There are two types of goodwill: personal and enterprise. In Texas, courts generally do not consider personal goodwill as marital property, however enterprise goodwill is. Personal goodwill is when the success of the business is primarily attributable to the efforts and reputation of one party. Enterprise goodwill is the business’ ability to survive, even if the business owners were to leave their position.
Retainer fees and cost estimates cause anxiety for many family law clients. Most of the time, this is the fault of lawyers. We do things differently. At Walters Gilbreath, PLLC our cost structure...read more
To celebrate the one-year anniversary of our podcast, Jake & Brian sat down with Jim Piper, Of Counsel at Walters Gilbreath, to discuss how family law has changed since they started practic...read more
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Brian and his staff were great. Brian’s direction and expertise provided me with the legal information relevant for my needs over several years now. He listens and is steadfast which gave me comfort in the courses of action. I highly recommend him.Brian and his staff were great. Brian’s direction and expertise provided me with the legal information...
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