Legal Question in Business Law in New Jersey
I am going through a divorce and I have an S corp small business that my husband made me 100% stock holder in. I am not sure why. I have never taken any money from the business but just noticed that he has taken loan payments from the business. I plan on getting a full disclosure from our CPA on whats going on. I never signed these checks. Any info please... Thanks!
3 Answers from Attorneys
Getting a CPA to help is a smart idea, but what does your divorce attorney say? I assume you have one. If not, you should get one before you do anything else. You have to make sure that he isn't trying to stick you with a huge liablity or that he isn't moving money around. Feel free to call me at 732/773/2768.
You need a sharp divorce attorney. I have some ideas about what your soon-to-be ex-husband may have been doing, but you need more information.
The CPA will help, and yes the business is an asset that must be considered and divided in the divorce.
Give me a call, make an appointment to come see me, and let's get moving on this for you. I know people worry about how expensive a lawyer is, so I am careful to discuss this with my clients beforehand, and I am careful to keep the costs as low as practical. You will know what is going on before you spend a dime.
Robert Davies, Esq. 201-820-3460
For more information on family law and divorce, see my website: http://www.attorneyrobertdavies.com
Please keep in mind that my response is just a general comment on your question, and not legal advice. Your question and any response does NOT create an attorney-client relationship between you and this law firm. The exact details of your situation and things that you have not mentioned in your question can completely change the response I gave. You can not rely upon what I have written, because I do not have all of the information that I need to advise you, I only have the very small amount of information that you put into your question. To get legal advice that you can rely on and use, please contact me directly. I would be happy to assist you.
Thank you for your LawGuru question. Clearly, you should retain a competent divorce attorney and a CPA. I can refer you to some if you wish. As a shareholder, you have significant rights to corporate information. Please feel free to contact me ASAP so that we may explore your options and protect your legal rights. 973-921-0600. I'd be happy to speak with you briefly by phone, free of charge, to get a better sense of your issues.
Kindly note and remember that my response is merely a general comment on the law related to your question, and NOT legal advice or opinion. Also, your question and my response does NOT create an attorney-client relationship between us. You cannot rely upon what I have written, because I do not have all of the information that I need to advise you or render an opinion. Even simple facts you have not shared can completely change my answer. For me to give you legal advice or opinion, you would need to hire me to be your lawyer, and then we would need to discuss this in detail and go over the documents.
With best wishes,
Barry F. Gartenberg, Esq.
Please visit my website!
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