In a divorce is my wife entitled to any Of an LLC that was formed during the marriage?

Answer 1

She may be, Richard. An attorney should be able to answer that question. It may depend on how long you were married, too. Wish you luck.

Answer 2

A prenup has nothing to do with it. If you are in a community property state she has some entitlement. The amount depends on a lot of things. It may be nothing financially but it could get very sticky when it comes to potential future earnings. The duration of the marriage has a lot to do with it too. Five years or less is generally considered short term and then it might not be a factor.....ten years of more is long term and its a huge factor....in between those figures is a lot of attorneys fees. The fee for a consultation is worth it!

Answer 3

She wouldn't necessarily be entitled to a share in the corporation however, any monies you make considered income from the LLC is then included in the spousal support calculation. If she was listed as a member of the corporation however, she is entitled to her share of the companies profit without a court ordered spousal support. As with being a member of the LLC she is bascially a partner in the company. Basically either way she will probably get something.

Check with your attorney for exact guidance.

Answer 4

depends on where you are. In Florida, anything gained during a marriage, with or without her direct involvement, is concidered community property and is subject to being split equally.

Answer 5

Are you serious? Yes, unless you signed a prenuptial agreement before the vows.

Answer 6

Probably, yes.

Answer 7

Yes and why not.