Divorce And Business Ownership

Summary

Navigating divorce and business ownership in Indiana involves understanding asset division and business contract implications. Consult a divorce attorney for asset division and a business attorney for contract concerns. Indiana follows equitable distribution, meaning assets are divided fairly. Prepare for consultations by gathering relevant documents, writing down questions, and being ready to discuss your objectives. Personalized legal advice is essential.

Full Conversation

I recently purchased a small business with my husband and I am majority owner. The contract we signed with the previous owners stated that we would employ them and not change how the business operates for a full year. However thing in my marriage have become unbearable and I would like to divorce him and move away. what are my options?
Hello ****, I'm sorry to hear about your situation. There are few things to consider:
*. Discuss your situation with a divorce attorney to understand the division of assets.
*. The business contract might have implications, consider consulting a business attorney.
*. Indiana is an 'equitable distribution' state, so assets may be divided fairly, not necessarily equally.
Remember, this is general advice and you should consult with legal professionals.
what can i do to prepare for those conversations
To prepare for those conversations, consider the following:
*. Gather all relevant documents (marriage certificate, business contract, financial documents).
*. Write down your questions and concerns.
*. Be ready to discuss your objectives and desired outcome.
Remember, every situation is unique and requires personalized advice.