Legal Question in Business Law in New Jersey

Thank you for your LawGuru question. I recommend that you check the first question with a matrimonial attorney. Assuming you conduct your business through an LLC or corporation, and assuming your wife is not active in the business, she will not be liable for the company's debts. I'm not sure what you mean by "effect my business partner"? Pre-divorce? Post-divorce? I suggest that you call me with more details. 973-921-0600.

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.

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With best wishes,

Barry F. Gartenberg, Esq.

As a Franchise Attorney I agree with the other attorney answer. Although you say you are "separated," the real issue is are you legally separated? Normally this is done through a legal separation agreement with both spouses agreeing on division of assets as well as treatment of future assets - like the business you contemplate. Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation