jbar
(Platinum)
04/26/08 07:30 AM
68.88.76.99
Re: Divorcing a Business Owner

Good try, Jada. But the thing that you are missing here is that although he and his wife may live in the home, for business puposes he may have labeled it, "Training Center for Employees with Overnight Accomodation for Lengthy Courses, etc.", so it's all a business expense, for his company, established before he met her. The vehicles will all be company vehicles, provably bought or leased before he met her so, unless his company makes operating profits during the marriage there may be no community property for you, my dear.

Such operating profits can be made to easily dissapear in "delayed maintenance" which reduces his tax bill and also a depreciable cost against profit when the maintenance is done(while he is waiting to get divorced) and taken against what otherwise would have been profit for that year, minus also new company spending on advertising, investment, etc., so that you get the idea: there is no profit while he is married to you, but only extensive maintenance and investment for the future, after you have divorced him. When it is final, his company will start to be very profitable again!



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