Q: I own a single member llc in illinois and only my name is on it as CEO. If I get a divorce, will my then ex get the biz?
So, my current husband is abusive emotionally and just now physically. I own a llc, just started it. My question is: if I get a divorce, is there anyway I can protect my business from him getting anything from it? He goes from job to job a lot. Thank you
*EDIT* so all the funds that went into the business is my funds. I work and he doesn't. Only thing that he does is help with 1 client by cleaning if I'm working at my job.
A: Your question is almost impossible to answer without knowing more facts. For example, how much marital money went into funding the business? Does the business have a value? Is the business totally reliant upon you? In other words, if you stopped working at it, would the business collapse? There are other things to consider. If this is eating at you, book a consultation with a divorce lawyer. You may find that you have very little to concern yourself with.
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