What is the name of your state? CO
My husband and I do light remodeling and design work and have opened up an LLC a couple of years ago. Upon opening we both put our $ into this from 2 joint accounts. We recently bought some real estate under the LLC as well. My husband is the only named 'member' of the LLC and I am not on it anywhere, but do 'work' on our projects. My question is the following...in the case of a divorce do the assets split 50/50 as well or did I just give him free money??
My husband and I do light remodeling and design work and have opened up an LLC a couple of years ago. Upon opening we both put our $ into this from 2 joint accounts. We recently bought some real estate under the LLC as well. My husband is the only named 'member' of the LLC and I am not on it anywhere, but do 'work' on our projects. My question is the following...in the case of a divorce do the assets split 50/50 as well or did I just give him free money??