Can your partner claim a share in your business if you break up?
If your relationship falls under the Property (Relationships) Act*, they would likely be entitled to 50% of your business if:
- You started or purchased your business during the relationship; or
- Your partner worked in the business or invested in it.
*A marriage, civil union or de facto relationship generally falls under the Act after three years.
Note: This post is brief and general in nature. You should not treat it as legal advice and should seek professional advice before taking any action in relation to the matters dealt with in this post. Armstrong Murray accepts no liability for losses suffered by any person or organisation who may rely directly or indirectly on this post.