Valuation Viewpoint Newsletter Summer 2026 Vol 30 No 1
This issue of Valuation Viewpoint covers two topics: the distinction between personal and enterprise goodwill in business valuation, and the structure and use of ground leases in real estate. The goodwill piece explains why personal goodwill—tied to an individual's reputation and continued involvement—is treated as non-marital property in most states, including Minnesota, while enterprise goodwill is divisible in divorce proceedings. The ground lease article outlines when these long-term land leases benefit tenants and landlords, and details best practices for structuring rent, escalations, and lease terms to keep the arrangement fair over time.
