Legal Definition

Intangible business value separate from tangible assets; under Florida case law, enterprise goodwill is a marital asset subject to equitable distribution, while personal (professional) goodwill attributable to an individual is typically excluded.

Example

The forensic accountant separated the dental practice's enterprise goodwill from the dentist's personal goodwill before assigning a value.

Related Statutes

  • 61.075

Related Terms

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