My husband started a company with 3 other people. They all have 25% of the shares. We are getting a divorce and he does not want to split the shares or pay me out. He will not give me a copy of the operating agreement. I want to know if I have any right to the shares. He just keeps telling me to sign the divorce papers with him having full ownership. I don't want his company but I also don't want to get cheated out of anything. We have been married for 15 years and had the company for 10 years.
Although you are asking about an LLC, this is still a divorce question, so I am changing the Practice Area so that it might be answered by Divorce Attorneys.
The foregoing discussion does not establish an attorney-client relationship, is qualified by the limited facts presented above, and should not be relied upon as legal advice. To obtain definitive legal advice upon which one can rely necessitates retaining an attorney who is qualified in this particular area of the law.
If the LLC was started during the marriage, which it appears to have been, then it would be part of the martial estate. Meaning you may not be a member of the LLC, but his interest in the company is a marital asset that can be divided by the Court in a divorce.
You can get information about the company through the discovery process during litigation.
This response is for information purposes only, it does not create any attorney-client relationship. Responses to questions posted on this Forum are of a general nature only. Because it is not possible to have all of the facts of your issue addressed in this forum, you should consult with an attorney to review the unique circumstances specific to your situation.
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