Business Interests
Learn about characterization rules applicable if one or both spouses own a business started before or during marriage.
Transcript
An ownership interest in a business is a type of property. Consequently, if one or both spouses have an ownership interest, then a court will need to characterize it as either community or separate property to determine what portion, if any, is divisible upon dissolution.
I. Businesses Started during Marriage Using Community Funds
A business started during marriage using community property funds is community property. Because of the community property presumption, a...
