If I am about to open a business but due to credit problems my child’s mother has offered to put business in her name, is there anything I can due to protect myself?

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If I am about to open a business but due to credit problems my child’s mother has offered to put business in her name, is there anything I can due to protect myself?

Asked on May 1, 2014 under Business Law, Utah

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 7 years ago | Contributor

The best way to protect yourself is to have some written agreement between you and your child's mother setting forth what the business venture is about and who has what interests in it. A business attorney in your locality should be consulted for this. One can be found on attorneypages.com.


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.

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