Understanding Goodwill As An Asset or Liability

[hausdok]

An article in this month's Rural Builder may be of interest to those of you planning to sell your company; or those of you who've purchased someone else's company and paid a premium based on the "Good Will" intangible.

To read the entire article click here.

[Chad Fabry]

Last October we sold an established 50 year old business with a very respectable gross and net, a nice black ink balance sheet and 2,000 plus name active, quality customer list.

Goodwill accounted for zero point zero percent of the sale price.

My apologies to using Bluto's grade point average to stress the value of goodwill.