calculation of goodwill its urgent
This query is : Resolved
27 August 2008
its urgent
MY FIRM IS NORMAL FIRM
INCOME IS ONLY FROM COMMISSION & ONLY FROM ONE PARTY
WE ARE TWO PARTNER FOR EQUAL RATIOS
my firm will be dissolved in next month after 10 year
tell me the METHOD of calculation of goodwill of my share
its urgernt
by
MY FIRM IS NORMAL FIRM
INCOME IS ONLY FROM COMMISSION & ONLY FROM ONE PARTY
WE ARE TWO PARTNER FOR EQUAL RATIOS
my firm will be dissolved in next month after 10 year
tell me the METHOD of calculation of goodwill of my share
its urgernt
by
27 August 2008
is it a CA firm ? if yes, then normally the good will be equivalent to one year fee of regular clients.
28 August 2008
There is no hard and fast rule for calculation of good will. Only the acceptability of the partis matters.
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