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Business property question

Posted on: 11th Aug, 2008 07:40 am
My husband and his brother purchased a business after my husband & I were married, of which my husband owns 25%. I opened the business with them and worked it for 3 years. Although my name is not on the title, is a portion of it legally mine in a divorce? It is an LLC in Nevada.
Hello-

I think you should talk to an attorney about that.
Posted on: 11th Aug, 2008 06:40 pm
Welcome jackson.

As you are not on the title you may not get the ownership but there may be other factors to be considered. So talk to an attorney as Mike advised above.
Posted on: 12th Aug, 2008 02:39 am
I'm purchasing an investment property and later on wish to transfer title to my Business. Can I quit claim the title or is there a better solution?
Posted on: 25th Nov, 2008 02:27 pm
Hi Todd M. from Ohio,

Yes, you can transfer your investment property to your business. But if the investment property has any kind of mortgage, then you should inform the lender before quitclaiming it.

Thanks
Posted on: 26th Nov, 2008 12:27 am
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