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New York Law - How is Goodwill Counted? Goodwill arises when the business is worth more than the tangible assets. Things such as reputation, a desirable location, a unique product, and so on, can all-but-guarantee an earnings stream, and so make the business have more value than simply its tangible assets. Cases: Patricia B. v. Steven B (1992) 588 NYS2d 874 (recognizing goodwill). Drohan (1993) 599 NYS2d 200 (recognizing goodwill).
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