Explore the legal terms and concepts related to Businesses. Click on any term below to learn more about its definition and applications.
How is business goodwill treated?
The goodwill of a professional practice, the extent acquired during the marriage, is community prope...
What is the Van Camp Formula?
The Van Camp Formula requires you to value the spouse-manager's services at the going market salary,...
What is the Pereira Formula?
The Pereira formula quantifies separate property as the value of the separate property capital as of...
How is a business that was owned before marriage treated where it increases in value?
Where a spouse owns or invests in a separate property business prior to marriage and the value of th...
How is a business that was developed entirely during a marriage treated?
When a business is developed entirely during a marriage, it is entirely community property.
