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ownership of the business. The buyer must treat the goodwill as part of the cost of the business should he ever re-sell it.
The dollars allocated to a covenant-not-to-compete are favorable to the buyer. The buyer is entitled to write off the allocated dollars over the life of the covenant (in effect, he can depreciate the value of the covenant). The seller, on the other hand, must report the covenant dollars as ordinary income as opposed to the more favorable capital gain.
All too often the buy/sell agreement is silent as to the alloca
94.5%