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Marriage Separatiom - Dividing Business?

Discussion in 'Family Law Forum' started by tarnia, 2 July 2014.

  1. tarnia

    tarnia Member

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    I am separating from my husband and we are both directors in our pest control business. I do the admin and he does the spraying etc... What am I entitled to you when we have our separation? He will continue the business as he does the spraying, I however will have to get another job. Am I entitled to a share of the business, does he need to pay me out (property settlement)?
     
  2. rebeccag

    rebeccag Well-Known Member

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    G'day tarnia,
    How is the business structured? You said you're both directors - so for example, does that mean you're equal directors and shareholders of a pty ltd company that has a constitution/documents how you should exit the company and your split to be paid out?

    Also check out this LawAnswers Family Law Forum Post "Property Settlement if I Got a Divorce".
     
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