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to think I should have 50%?

(56 Posts)
notfornothing Wed 08-Jun-16 12:12:06

Trying to keep it short.
We are selling our property to invest in a business and possibly buy a cheaper family home.
We are married and own this property together, there is good equity in it. DH bought it before we met so it was his, when we got married it became ours.
Part of the sale money is supposed to be invested in a business, DH says according to the rules the wife (me) can own 25% of the business.
Aibu to think I should own 50%?
Other part will go to buying a family home (deposit only) and a assume we will own that jointly.

Junosmum Wed 08-Jun-16 12:13:37

"The rules" what rules?

Are you on the mortgage or deeds?

dodobookends Wed 08-Jun-16 12:15:08

What sort of business is it - and will it be a limited company, a partnership, a franchise or a sole trader?

Rainbowzippy Wed 08-Jun-16 12:16:36

The rules?

MachiKoro Wed 08-Jun-16 12:16:56

Yes, should be 50%. What rules?

Rainbowzippy Wed 08-Jun-16 12:16:59

The ones where you can't shag on the first date??

fabulousathome Wed 08-Jun-16 12:17:17

You need to have a chat with an accountant or a solicitor. Often the first half hour is free.

Fidelia Wed 08-Jun-16 12:19:24

I think he's making these rules up...which is worrying for you and your relationship tbh hmm

notfornothing Wed 08-Jun-16 12:20:38

It's a franchise and these are the franchise company rules supposedly. I don't think he is making it up

notfornothing Wed 08-Jun-16 12:21:27

I am on the deeds and on the mortgage atm

Oysterbabe Wed 08-Jun-16 12:23:04

Is it something to do with minimising tax liability?

Osolea Wed 08-Jun-16 12:38:31

Are you going to be doing the same amount of work for the business?

angelos02 Wed 08-Jun-16 12:40:19

I think you are doing well to get 25% out of an asset to which you put nothing in? But that is more down to morals than what you are legally entitled to as his wife.

splendide Wed 08-Jun-16 12:40:41

If you're investing in the business why haven't you seen the rules?

TinklyLittleLaugh Wed 08-Jun-16 12:43:20

Well I own 50% of DP's business (and to be fair it is his business, his baby, his expertise, I just do the admin). When we set it up our accountant suggested 51/49%, which I would have been fine with but DP insisted on 50/50.

araiba Wed 08-Jun-16 12:44:55

you dont even know what you want 50% of

branofthemist Wed 08-Jun-16 12:46:22

What role are you doing in the business. Dh owns half of the business I set up, but we both work full time in it.

Aberchips Wed 08-Jun-16 12:50:36

I own 50% of our business ( I do the admin OH does the hard bit!!) however if it is a franchise they may have separate rules on who can put up the capital etc. More info needed on the "rules" OP!

TheNaze73 Wed 08-Jun-16 12:51:07

What exactly are you asking? I'm lost? 50% of what & why?

PumpPumpUpTheJam Wed 08-Jun-16 12:55:00

50% of the business. Are people reading the OP? hmm

And yes, you should. Or he can have 25% and you have the rest.

PumpPumpUpTheJam Wed 08-Jun-16 12:56:11

Ask to see the rules. Tell him you think he may be lying have misread.

PenguinWatch Wed 08-Jun-16 13:14:01

What business? What rules? What is DH's role? What is OP's role?

How on Earth are people able to respond to this thread without this information?!

TreadSoftlyOnMyDreams Wed 08-Jun-16 13:14:54

DH says according to the rules the wife (me) can own 25% of the business
Does he therefore own the other 75% or is some of it owned by the franchiser?

So put the new house entirely in your name? grin

blaeberry Wed 08-Jun-16 13:15:07

Whatever he owns, if you split it will still count as a marital asset.

notfornothing Wed 08-Jun-16 13:15:54

It's true that DH bought the property initially without any input from me before we met.
During the 13 years we've been together i have been contributing to morgage payments. Now sahm.
Also a couple of years ago I received an inheritance that went entirely to DH to repay a loan.

He was happy to change the deed of the property, his idea, not mine. I never asked for this. I was pleased that he did it though as it showed that he sees us as a team.
I don't believe he would lie about the rules but I don't quite understand how this works.
If we are married aren't any businesses started during marriage automatically both of ours?
He will be doing the majority of the work in the business.

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