Legal Question in Family Law in Washington
In a divorce proceeding, is there a difference for distribution of assets if the business is a Corporation or a Sole Proprietorship owned by a couple? The reason I asked is that my husband has our business under a corporation but truly and legally speaking is a sole proprietorship.
Asked on 9/20/09, 1:12 am
1 Answer from Attorneys
Christopher Steuart
IT Forensics, Inc.
A corporation is truly and legally a different legal entity, but that said, generally the ownership of a corporation may be divided, most are, as each owner has a number of shares. So although it may be a bit more complicated it can be done.
Answered on 9/25/09, 12:23 pm
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