Is my spouse entitled to a portion of my business in my Tampa FL divorce?
That is a great question. In a divorce action, there are a lot of factors that go into determining whether or not a business is marital or non-marital asset. Some of the factors include when the business was acquired, whether the business has assets, whether one of the parties does the work for the business and how the business is organized. There is a good chance that it could be a martial asset if it was acquired during the term of the marriage if marital funds were used to acquire or for the business, regardless of how the business is structured. It is important to speak with an attorney about this as there are a lot of specifics about your unique business that factor into the answer. Call All Family Law Group, P.A. at 813-672-1900 or email us for a free consultation to discuss this and all aspects of the divorce process.