Legal Question in Business Law in Florida
Corporate protection
I currently own a sub s corpoartion soley in my maiden name. The only other person on the account is a beneficiary and it is my mother. My husband the only employee for the corporation. He is currently in a legal battle in Family court over excessive child support, (not basic child support). My husband's ex-wife and her lawyer are requesting information on my corporation's banking transactions for the past 12 months. I am wondering if she could have any legal rights to that account. Since the company existed prior to my current marriage and since I never changed my last name to my husband's? Can you help with this type of question or do I need to go into the family law section? Thank you.
1 Answer from Attorneys
Re: Corporate protection
The corporation is a legal entity separate and apart from its owners/shareholders. Your name really does not matter. Without actually seeing the request and knowing other factual information I cannot tell if the request is permissible or reasonable. However, the corporation is not a party to the child support litigation and it would be appropriate for any request for financial and/or banking information to be limited by the court. You should quickly see an attorney who can file a motion for protection or some other appropriate relief to prevent the release of confidential financial and banking information of an entity that is not a party and is not relevant to the child support litigation. With that said, the corporation will probably be required to turn over information regarding payments made to or on behalf of your husband.
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