Legal Question in Family Law in California
Divorced & want to start a business
I am divorced & paying a set alimony to my ex (and will be forever - we were married 26 years). I want to start a business with partners and will be an employee of the business getting a salary. My question: will my ex be able to go after any of my share of the business profits. I know alimony is based on my annual income, but I'm just not sure about my percentage of the company's profits even if I do not take them out of the company.
1 Answer from Attorneys
Reply: Divorced & want to start a business
In a general sense, it is not likely that "retained earnings" will be used in calculating your spousal support obligation.
For a specific opinion regarding your individual circumstances, I suggest that you consult with an experienced family law lawyer. Experience is not expensive, it's priceless!
You will find some valuable information on various California family law issues at my web site.
Good luck to you!
Brian Levy, Esq.
www.calattorney.com
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