Legal Question in Business Law in Ohio

Re: partnerships

Dear Inquirer: In any divorce proceeding, the Court, in its decree, may determine that the responding spouse (Defendant) may well be entitled to a portion of the reasonable value of any LLC, based upon that spouse's contribution to the startup, growth, and success of the LLP.

It should be the subject of a carefully negotiated divorce settlement, to avoid the complications of later claims, etc.

Experienced attorneys can (and should) advise and resolve this aspect of marital property early on. If not, consult capable legal counsel. (That's my two cents' opinion, without the benefit of all of the facts and details.)

Good luck!

Sincerely, J. Norman Stark