Wife is killing our business we co-own
We WERE doing a Por Se divorce. No minor children 50-50 agrees on property and home sale proceeds. We jointly own a business of 25 years $1M per year. I am a minority shareholder and we can’t work together and she needs to buy me out. I gave her a fair offer months ago based on 3 year average net income x a multiplier. She rejected it. She argued that our business is not worth anything and I deserve nothing for my effort over 25 years of building it. Obviously a crazy notion. When we sold the house a few weeks ago, I asked her again that - Let’s now valuate the business and finish phase 2, and we’re done you buy me out. She said go find a firm that values businesses. Ok done. I don’t trust the professional objective valuation would commit to a reasonable buyout offer by her. But we’re gonna do it. So I was forced to hire a lawyer for the entire divorce process and Por Se was immediately terminated. With that, my law firm put our home sale closing proceeds into an escrow fund to protect the next step with the business buyout. This protects me from her using all her funds. Now she’s taking a leave of absence, she withdrew $21,000 out of the business last month without my knowledge for her own personal expenses - putting the company in major cash flow issues. And now she’s claiming she may have took a leave of absence from the company indefinitely, probably out of spite against me for hiring a lawyer and me wanting a fair buyout.. so now I’m unable to work with her to bill clients and yet her our team has no idea this is going on and still operating and expecting to receive salaries. As the chief financial officer I’m not going to borrow funds from our commercial loan to fill the gap anymore. I told my lawyer about this and she said I’m sorry about all this?? There seems like there would be more options to prevent a complete implosion of our business???