this is a legal question which you acted like you could answer - if a husband and wife own a private company together what if any or the consequences if the husband moves out and he is the presidnet of the company not filing for divource just moving out
2006-10-23 20:34:05 · 16 answers · asked by Tracy M 1 in Family & Relationships ➔ Marriage & Divorce
depending on the state.... nothing... what's the company and why is it bad if he moves out... if he's the president... he's the president.. unless you have a board of directors that can vote him out... nothing
2006-10-23 20:36:22 · answer #1 · answered by pro_steering_wheel_holder 4 · 0⤊ 0⤋
Since there is no legal divorce or separation, the status of the company remains the same. His title could be General Manager of the Universe, but that would not change the status of the company. If either one files for legal divorce or separation, then a whole different situation arises.
2006-10-24 03:54:32 · answer #2 · answered by Monsieur Rick 7 · 0⤊ 0⤋
This is one of those things that should have been addressed in your business/operating plan. Look it up to see if it is. Otherwise you may have to buy him out/vote him out. If he is still taking an active role as President and this situation was not addressed when you started your company there's not really much you can do. I would try to discuss it with him calmly and try to figure out what his intentions regarding the compny are.
2006-10-24 03:49:32 · answer #3 · answered by greyrider 4 · 0⤊ 0⤋
Him moving out has nothing to do with the company i assume you have a LLC or a S corp which means the company is its own entity and his status with you and your marriage has nothing to do with the company.
2006-10-24 03:37:04 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Probably none if he is still doing his job the way he should be. Why did he move out, do you need to start the divorce? If you get divorced then the judge will probably split things equally.
2006-10-24 06:05:54 · answer #5 · answered by Sexy-n-Hot 5 · 0⤊ 0⤋
he is tech. still the part owner of the company and can still get money from the co. on less the co wishes to buy him out being you. with money from the business. than in writing you put he has no right to the company due to the payout.
2006-10-24 03:41:11 · answer #6 · answered by RENO 2 · 0⤊ 0⤋
is he still going to be working with the company? what is your position? If he stays with the company it should be ok but if he wants to sell get a lawyers advice to protect your rights to get you interest in the company.
2006-10-24 03:37:52 · answer #7 · answered by marilee w 4 · 0⤊ 0⤋
As far as I know, nothing changes with the company...that is totally seperate from anything martial with him and his wife.
2006-10-24 10:59:12 · answer #8 · answered by Anonymous · 0⤊ 0⤋
first of all, it was very difficult to understand your question; however, if there is no divorce or separation your husband still remains the president of the company.
2006-10-24 04:32:09 · answer #9 · answered by Daisie 3 · 0⤊ 0⤋
i would think that he will still be the president of the company. everything stays the same. until your divorced everything you own together is his and yours no matter what
2006-10-24 04:30:34 · answer #10 · answered by rhonda3826 5 · 0⤊ 0⤋