I am thinking of opening a business in Florida with my daughter. She will likely file for divorce in the near future. What effect will that have on the business? How will it effect me and will the husband have any claim to the business?
Answer
Her interest in this business will be marital interest if opened during the marriage and she uses her time and effort or any income from the marriage to fund or run the business.
Answer
If the business is opened during the marriage it is presumed a marital asset. Not to say that you should not open the business, however make sure any corporate docs do not include the other spouse.
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