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.
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.
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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.
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