When business owners get divorced, their settlement may have profound consequences for the business and other owners. Often, one spouse “sells” or gives up a share of the business to the other spouse. Since most small...
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More on Blazer: Retained Earnings Not Income for Alimony
September 25, 2009
The Court noted that there is no statutory definition of "income" for alimony cases in California, and it was unclear whether retained earnings could be properly categorized as "income" for alimony purposes....
Executive Compensation: Excessive Salary or Disguised Dividend?
August 10, 2009
The Seventh Circuit held that the salary earned by a CEO of a privately-held business (including a $17 million year-end bonus) was neither excessive nor a disguised dividend....
Goodwill – NYT Definition
July 29, 2009
The NYT defined goodwill as "the amount they overpaid for a business compared with the sum of its parts."...