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What are K-1s and why do they matter in divorce? A Limited Liability Company (LLC) can be considered a marital asset, which means that a spouse's interests in the LLC may be subject to equitable division in a Would you like to learn more about hiding your assets? Schedule a free consultation here: In this video, we
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In New Jersey, marital property (property gained throughout your marriage) must be divided equitably in a divorce case. As others have said the husband can quit the LLC or take a wage. In the real world what will happen most of the time is during the divorce the
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The short answer is no. Your ownership interest in an LLC can be like any other property you might have to divide or give away in a divorce. Business Income in Divorce, Chicago Divorce Attorneys, Greenberg & Sinkovits, LLC Most states require that couples divide their marital properties equally after a divorce, and LLCs may be considered marital property in some cases.
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