Do I have any rights to share a business that is an LLC and in my husband’s name only?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Do I have any rights to share a business that is an LLC and in my husband’s name only?
My husband and I are considering divorce. I have worked our entire marriage to support him while he started the business. I came to work for him last year and I do get paid a salary. Would I be entitled to any share of this business?
Asked on February 8, 2012 under Family Law, Pennsylvania
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
I am so sorry for your situation. You need to seek help from an attorney in your area who can sit and look at all your assets and let you know what they think. Now, the general rule is that an asset that was acquired during the marriage is a marital asset regardless of whose name it is in so you are entitled to a portion of the business. It will need to be valued for that purpose. Good luck.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.