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Florida divorce: Personal goodwill in a multi-member medical practice

Florida divorce: Personal goodwill in a multi-member medical practice

Posted by Nydia Streets of Streets Law in Florida Divorce

In Florida the personal goodwill of a spouse who runs a business is a non-marital asset which is not subject to equitable distribution. What about the collective personal good will of a multi-owned business? Would the goodwill of other members be considered in determining the value of the business that is to be awarded to a spouse in a divorce? This was an issue in the case Rosenberg v. Rosenberg, 5D2023-1079 (Fla. 5th DCA June 21, 2024).