More In This Category
View Transcript
typically in new jersey
um
there’s a
spouse
one or the other who is the
main driving force of the business
the other person
supports that person
maybe they’re working at home and taking
care of kids allowing that person to be
to have the flexibility and the time to
to do this business maybe that other
person is you know doing some clerical
work or making appointments or helping
with the website in any event both
parties are contributing toward the
enterprise
but
generally speaking the non-titled spouse
is going to be entitled to some
percentage of the business which is less
than 50 percent is it 25 percent is it
40 is it 37
sometimes there’s more art than science
when it comes to that and there’s
certainly the art of the deal
uh negotiation
but that’s how the non-title spouse
receives
monies by way of their contribution
toward
the family business sometimes it’s a
family business and both are equally
involved and typically there is more of
a 50 50 type of arrangement
Contact Brian Winters
Email This Lawyer
(732) 774-1212
See All This Lawyer's Videos
Visit Lawyer's Website
Bradley Beach, NJ family law attorney Brian Winters explains how a business is divided in a New Jersey divorce.