rightway said:
ok..this is clear..
after the dissolution,if the business is successful,can my spouse be entitled to any of my ownership inthe new entity??
or would they be entitled to get a share of any income I would recieve as income formthis buisness at a later time?
if I were to get a retirement plan benefit,would they be entitled to any of this?..
assuming the business is only started until after the final dissolution..
other scenario..what if my relative started the business now and is the only shareholder,,and I later purchased stock in the company either from them or from the treasury stiock with my own funds or arranged to borrow funds after the dissolution was final..same questions as listed above
thank you
My response:
Once the dissolution is final, the two of you would be separate - - having the right to do anything you want. He would have no more say in what you do, than I would. Of course, this all depends upon what, if anything, your Marital Settlement Agreement may say and control between the two of you in the future.
But, in the main, you should be free of "the ties that bind."
However, please understand me when I say, your last question to me indicates that you really do not understand the ramifications of what you're intending to do, or would like to do. If you did, you wouldn't have asked the questions.
So, before you do anything, I would also suggest that you have consultation with a local attorney about this entire matter. There are just too many variables to discuss on a bulletin board. You need to discuss specifics, and obtain specific advice.
Your attorney will help you to "map out" a plan and strategy of what must be done, done first, and when.
Good luck to you.
IAAL