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Kasare
Kasare, Solicitor
Category: Family Law
Satisfied Customers: 204
Experience:  Solicitor, 10 yrs plus experience in civil litigation, employment and family law
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Do I have any financial rights to the business he owns and

Customer Question

Do I have any financial rights to the business he owns and any other assets such as cars
Submitted: 2 years ago.
Category: Family Law
Expert:  Clare replied 2 years ago.
Hi
Thank you for your question.
My name is Clare
I will do my best to help you but I need some further information first.
have you made any financial contribution to any of his assets?
Who owns the house that you live in?
Clare
Customer: replied 2 years ago.
We have always had joint accounts so all our finances just went in them and just paid for everything together eg cars, bills, loans etc.
Expert:  Clare replied 2 years ago.
Hi
Where did your income come from?
Clare
Customer: replied 2 years ago.
I am employed by him and when he is not around or goes away I run the company for him but my wage is about £950 per month and he gets anywhere between £2200 and £4000 so u can see why I'm trying to seek advice as I'm left with all the same outgoings and he has nothing. I just think it all seems very unfair as I'm at work a lot more than him.
Expert:  Clare replied 2 years ago.
Hi
So you have helped him build up the company - is that correct?
Clare
Customer: replied 2 years ago.
Totally correct we started off at home in our kitchen
Expert:  Clare replied 2 years ago.
Hi
That is good news
Who owns the property?
How much is the business worth?
Clare
Customer: replied 2 years ago.
We don't own the property I live in it's rented. When his accounts were last done he had a turn over of about £120.000 at the year end.
Unfortunatly my name isn't on the business does that make a difference
Expert:  Clare replied 2 years ago.
Hi
Not if you can show that you helped to build it up.
Does it have any assets as such?
Clare
Customer: replied 2 years ago.
What do u mean by assets and the only way I could prove I helped build it is by my bank statements and wage slips
Expert:  Clare replied 2 years ago.
Hi
What does the company do?
Clare
Customer: replied 2 years ago.
We manufacture e-liquids for electronic cigarets and sell through a web site and wholesale
Expert:  Clare replied 2 years ago.
Hi
So the business could be sold to someone just as it is - it is not reliant on your ex's personal skills?
Clare
Customer: replied 2 years ago.
Yes it could
Expert:  Clare replied 2 years ago.
Hi
If it was sold how much would someone pay for it?
Clare

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