Tag: business goodwill

Can a business be compensated for loss of business goodwill in an eminent domain action if the business had no goodwill to lose?

Facts: A business owner operated their business on a parcel of land. The business had yet to become profitable. The state condemned the property through eminent domain and compensated the owner for the taking in an amount which did not include compensation for any loss of business goodwill. The owner hired an expert to determine the amount of business goodwill lost due to the taking, who determined the owner lost a quantifiable amount of business goodwill.

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