Why does our Operating Agreement have a Spousal Consent?
June 1, 2010 at 11:22 am Comments disabled
I recently received questions about whether and why Spousal Consents are necessary with respect to certain business-ownership agreements. Here is a summary of the most important points that you need to know.
California is a community property state. If, during marriage, an individual acquires an interest in a business, the individual’s spouse has a community-property interest in that business.