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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to think I should have 50%?

55 replies

notfornothing · 08/06/2016 12:12

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.

OP posts:
camtt · 08/06/2016 17:48

OP may not be working in the business, but she's putting capital in, of course she should own a share - a share that reflects her investment, otherwise nobody would invest in anything.

sleeponeday · 08/06/2016 20:28

She's putting capital in and also running the house and caring for two very young children. That is a substantial contribution to a paid worker. I'm astonished any parents think it isn't - most pay for childcare, let alone a housekeeper.

Depressing, how many women dismiss traditionally unpaid women's labour as being without value. Society tells women that enough as it is.

RunRabbitRunRabbit · 08/06/2016 20:40

Owning a business is a serious thing.

If you intend to own 25% of a business you should understand exactly what you are responsible for, what the business does, how it operates, the franchise agreements, finances, everything.

You will have legal obligations. You can be held liable for stuff. Better know exactly what that stuff is.

When lawyers or tax men come knocking on your door, you can't play the little lady who doesn't know the foggiest about hubby's business, hubby told her any "rules" she needs to know, she stumped up the cash, and that's good enough for her. No. The law is not sexist in this regard.

If you own 25% you have responsibilities (even if a man owns the other 75%). Get reading OP! Understand this shit inside out. It's your money and your neck too.

LittleMissBossyBoots · 08/06/2016 20:55

I agree with sleeponeday. I'm astounded at some of the replies on this thread.

prh47bridge · 08/06/2016 23:10

If we are married aren't any businesses started during marriage automatically both of ours?

No. If you divorce any business owned by either of you (including businesses started before you married) will be regarded as an asset of the marriage and will go into the pot to be split between you. But it is perfectly ok for one of you to own a business outright or for it to be split between you in unequal shares.

There are three possibilities here:

  • the licensor has restrictions in the franchise agreement regarding ownership of the franchise. AStreetcarNamedBob seems to think this can't happen. Having seen a number of franchise agreements I disagree. It is possible the franchisor really has put such a limit in place
  • your husband is lying
  • your husband has misunderstood the franchise agreement

He should certainly be seeking legal advice on the agreement if he has not done so already.

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