Concord, CA asked in Divorce and Family Law for Arizona

Q: Am I entitled any part of the family owned business.

I was the bosses daughters boss at another job. We ended up getting married but before we got married, the dad asked me to come work for him. I worked there for 16 yrs and ran the place for 10-12 yrs. Parents of wife said that I would always have job if we ever got divorced. Part of the business was always promised and the other party would go to wife's brother. We separated in 2011 and they fired me for a made up reason. 9 yrs later, we are finally getting a divorce. Am I entitled to any part of the business?

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2 Lawyer Answers
Peter H. Westby
Peter H. Westby
Answered
  • Scottsdale, AZ
  • Licensed in Arizona

A: You may be entitled to a portion of any community interest in this business. But from the information you provided, it is not possible to tell. I strongly recommend that you discuss this with your divorce lawyer. Once your lawyer knows the facts, he or she will be able to let you know your legal rights and what you might be entitled to as part of your divorce property settlement.

Ilene L McCauley agrees with this answer

Ilene L McCauley
Ilene L McCauley
Answered
  • Scottsdale, AZ
  • Licensed in Arizona

A: The laws of community property may apply here if your husband had any rights in business. Your divorce attorney can obtain information on ownership of the company. Information may also be available on the ACC website if the business is an Arizona entity. I would strongly recommend you go online to see the ownership interests in the Company from its inception. Even if the entity is not an Arizona entity, much of this information is available on line.

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