mcv2000
(New)
04/26/08 05:15 AM
72.177.77.223
Divorcing a Business Owner

I have a lot of questions that I need to ask, but the main one is this: My husband owns his own business. Actually he has several businesses and purchases most of our thing with a business account. I am not an owner of the business and he started the business way before we were married. I live in Louisiana(community property). According to a few friends, separate business purchases are not considered marital assets.

This puts in in quite a bind because even my vehicle was purchased through one of his companies. My car is clearly not a company car. So, because my husband puts buys everything though his different companies, NOTHING is community? We recently bought a 100k boat...through the company. If NONE of his "business" purchases are considered community...I don't have much of anything. Does anyone know of anything I can do.

Another thing is our home. It was paid for in cash. My name appears with his on the title...HOWEVER, he is claiming that he purchased the home by borrowing money from his company. Can he do that?

What I am starting to think is that a FAIR division of assets between a homemaker and a savy business owner is unfair. Does the law allow for him to do this? This boat and my car have absolutely NOTHING to do with his business. It is not as though he uses them in a business fashion. They are both strictly for our recreation and use. If I proved that, would I have a chance of at least receiving half the value of each?

Thanks is advance for any suggestions!



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