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The need to place a value on a business arises in many contexts, affecting lawyers whose practices range from transactional law to litigation, from family law to tax law. The concept of goodwill often becomes a critical issue in connection with business valuations and can have a significant impact on the ultimate determination of value. In fact, the valuation and classification of goodwill can be the difference between what a client perceives as either a successful or an unsuccessful outcome.
June 11, 2003 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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