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Updated over 6 years ago on . Most recent reply

User Stats

10
Posts
5
Votes
Zachary Cuneo
  • Investor
  • Tempe, AZ
5
Votes |
10
Posts

Starting LLC Legal Issues

Zachary Cuneo
  • Investor
  • Tempe, AZ
Posted

Hey everyone. My brother and I want to start our LLC here soon. As we were getting ready to submit everything to the state, he discovered that due to some sort of oversight, his divorce never went through. It was filed, but never finalized. He and his wife have been separated for 2+ years now with very little, if any, contact. They were married and separated in Arizona and she now lives in California. He is going to get the process started again right now and that leads me to my question.

If we were to get our LLC going while he is still technically married, would his "wife" be entitled to any part of the company? Would it be better to start the LLC with just me as the sole owner, and then once he finalizes his divorce, add him to the company? We basically don't want to risk her getting any sort of ownership in our company. Any advice would be much appreciated.

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