Matter of Ravitz v Gerard Furst & Marjorie Ravitz, DPM, P.C. (Appellate Division, Second Department)

Disagreement arose with respect to whether goodwill should be valued. The Appellate Division affirmed the court’s decision to deny Defendant’s motion for post dissolution supervision by the Supreme Court in order to value the goodwill related to two offices when distributing the corporation’s assets.

They found that the absence of an agreement by the parties to value and distribute goodwill in the event of dissolution precludes the inclusion of goodwill in the corporate assets to be distributed pursuant to Business Corporation Law § 1104.