LLCs can complicate divorce proceedings. Learn how courts determine ownership and divide interests.
An LLC (Limited Liability Company) is a flexible business structure offering liability protection to owners.
Courts classify assets as marital (acquired during the marriage) or separate (owned before marriage).
An LLC created during the marriage or funded with joint resources may be considered marital property.
Ownership depends on factors like the LLC’s formation date, ownership agreements, and contributions by each spouse.
Experts assess the LLC's value by analyzing its assets, liabilities, income, and growth potential.
Prenuptial or postnuptial agreements can protect business interests in case of a divorce.
A skilled attorney can guide you through LLC-related complexities during a divorce.
Understanding LLCs in divorce ensures better outcomes. Seek professional advice to protect your assets.