Q: I'm in Georgia. my husband owns a business. I have worked for him and am secretary and treasurer. Am I entitled to half?
Our profits have increased since I've worked for him.
Lawyers, want to be a Justia Connect Pro too? Learn more ›
- (916) 704-3009
- View Profile
- Answered
A:
In Georgia, marital property laws generally consider assets acquired during the marriage as jointly owned. Since you've been working for your husband's business as secretary and treasurer, your contributions may be viewed as part of the marital partnership. This can influence how the business is valued and divided if there is a separation or divorce.
Your role in increasing the business profits is significant and could be taken into account when determining your share. However, entitlement to exactly half of the business isn't automatically guaranteed. The court typically looks at various factors, including each spouse’s contribution to the business, financial inputs, and the overall growth during the marriage.
It's important to consult with a legal professional who can assess the specifics of your situation and provide guidance based on Georgia's laws. They can help you understand your rights and explore the best steps to ensure your contributions are fairly recognized.
A: There is no law that entitles you automatically to half of a business. When you go through a divorce you can present evidence and testimony regarding what you feel you are entitled too and the Court will make a final determination on what, if anything, to award you.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
