Lunn v. Lunn - 2015 - No Goodwill in Dental Practice Due to it Being a Sole Proprietorship
ANDREW R. LUNN, DDS v. CAROLE MICHELLE LUNN
Appeal from the Chancery Court for Hamilton County
No. 11-0240 Jeffrey M. Atherton, Chancellor
No. E2014-00865-COA-R3-CV-FILED-JUNE 29, 2015
Trial court ruled that dental practice had enterprise goodwill. Based on the precedent of Hartline, the Eastern Section COA determined that the adoption of a valuation that expressly included enterprise goodwill was erroneous because the business involved was a sole proprietorship. The COA remanded for the trial court to determine the value of the dental practice without consideration of professional or enterprise goodwill.