Legal Question in Business Law in Georgia
I opened a used car business with my husband and mother in law, it is listed as an s corp, no minutes where recorded properly +++ and the corp was never run as such, their immigration status is also shaking with me being the only us citizen, i filed for him but he was denied so we are going through an appeal, his mother has funded this business a great deal and she is listed as a s/h but her immigration status is also shaky. now I am going to go through a divorce and I am trying to figure out the best way to proceed..first..who really owns the business since nonresidents or citizens cannot be s/h in a s corp and what legal rights or power do i have since I have worked in this business since day one and my mother in law has not but her name has been on everything financially along with my spouse but now the s-corp is in debt atleast 85k.
this is a question that ia a combination of business law, immigraion law and divorce law
1 Answer from Attorneys
Your set of facts is too complicated and involves too many unanswered questions to answer in this type of forum. Consult with an attorney who can spend the time reviewing all the pertinent facts.
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