Iberia, MO asked in Divorce for Missouri

Q: If I get a divorce and my spouse and I own a business together, what happens? Even if I am only 30% owner and he was

sole owner prior to marriage? It is my only income and has been for many years? What do I do? Would it be fair to request alimony in MO?

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1 Lawyer Answer
Kristen Thurmond
Kristen Thurmond
  • Kansas City, MO
  • Licensed in Missouri

A: When spouses own a business, one of two things happens once a business evaluation is done: one spouse buys out the other spouse or the business is dissolved and each spouse paid their portion. Maintenance (formerly known as alimony) may be an option but depends on the assets of the parties and other factors. You'll want to contact an attorney near you to discuss your options in more detail.

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