Business Interests

Business interests that you and/or your spouse created or otherwise acquired during the marriage are subject to division in divorce. 

 

Business interests a spouse supported financially or by that spouse’s efforts built up or improved are subject to division in divorce. 

 

A business is, for our purposes here, buying and selling commodities, products, or services as a means of livelihood or simply for profit.

 

If you regularly buy and sell goods and/or services for profit, regardless of whether you “need” the money, regardless of whether your business is licensed, regardless of whether the business is a partnership, corporation, LLC, or some other formal organization,  regardless of whether your report the income on your taxes, then you own “a business” or a “business interest” for our purposes in preparing your divorce documents.