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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31768
Experience:  Over 5 years in practice
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LLP agreement, husband vs wife

Customer Question

My husband and I have been living together for eleven years and married for the last three and a half. We have no prenup. For the last thirty years my husband has been in business with his parents and more recently has set up some companies of his own, in his name or with partners as LLP's. I found out yesterday that in February he set up an LLP with his two adult children, transferring assets from one of the companies in his sole name. We had no discussion regarding this and his children have never and do not now, work in either the original company or the new LLP. He told me that they are not entitled to any share of the profits but forms arrived today for their signature and the box is ticked to indicate that they are entitled to a profit share. What rights do I have regarding this! Can I prevent him from doing it? If we were to ever get divorced clearly I would not be entitled to their share of this company. Can I insist he makes me an equal shareholder?
Submitted: 3 years ago.
Category: Law