Regarding Arizona business formation...
I am interested in going into business with a partner, who lives in a community property state (Arizona). Simply put, her husband is a LOSER, and she is likely to divorce him in the next few years. For family reasons (her children), she will not be able to undertake the divorce this year.
I do not want to build this company with my partner and then have her husband take half of her equity at a future date. My partner believes that she can get her husband to stay out of the business and agree to make no future claims on the business.
Question: Is there any document that may be signed by the husband (a "release" or "waiver of future claims"), under which I will not need to worry about having the husband own part of my business?
Thanks!
I am interested in going into business with a partner, who lives in a community property state (Arizona). Simply put, her husband is a LOSER, and she is likely to divorce him in the next few years. For family reasons (her children), she will not be able to undertake the divorce this year.
I do not want to build this company with my partner and then have her husband take half of her equity at a future date. My partner believes that she can get her husband to stay out of the business and agree to make no future claims on the business.
Question: Is there any document that may be signed by the husband (a "release" or "waiver of future claims"), under which I will not need to worry about having the husband own part of my business?
Thanks!