What form do I need my ex-wife to sign that will release any ownership interest that she claims to have in my LLC?

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What form do I need my ex-wife to sign that will release any ownership interest that she claims to have in my LLC?

All registration is in my name solely. However, she claims interest due to making small purchases (e.g. internet service). We are in CO.

Asked on January 12, 2011 under Business Law, Colorado

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 10 years ago | Contributor

It is not a form that you need.  It is an agreement that needs to be drawn up between the two of you wherein she relinquishes any and all rights she may have had in the past, may presently have and may have in the future to any ownership interest in the LLC, its assets and any other rights.  She may also want to be indemnified for any liabilities that may be associated with the LLC and that could be a bargaining chip for you here.  I would seek legal counsel in this matter and I would discuss the issues in detail.  Bring your divorce agreement as well as the issue may have been addressed there or the new agreement may need to say something about modification.  Good luck to you.


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