Legal Question in Family Law in California

Divorce - Startup Company
I don't want a divorce but kind of covering my butt just in case. (Ill try to keep this short) I was one of 3 cofounders of a startup business well before I met my current wife. I paid cash for my share. We then raised capital. At all times, I was paid a fair market wage and have invested no monies into the business other than the initial stock purrchase. My wife makes very good money and has at no time invested either financialy or with work towards growing the business. If we divorce, would this not be similar to real property? Paid in full prior to marriage, increase in value remains separate property? I sacrificed a lot to get this business off the ground and I don;t want to give her half if she decides to leave (which I know in CA is irellevant).
Additional Info: its still a startup so were the Company valued on profits, we'd be about worthless but sale rumors are starting to fly.
Also, been married less than two years. We have no assets. No joint bank accounts or credit cards. We split bils/rent equally.
Thanks in advance!

Asked on 4/12/08, 9:30 pm

Phillip Lemmons, Esq. Phillip Lemmons APC, Attorneys at Law

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Re: Divorce - Startup Company

if your efforts resulted in an increase of value, then to some extent it would be a community asset.

Answered on 4/13/08, 1:13 am

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