Legal Question in Family Law in California
Transfering a corporation so it won't be apart of divorce
Can I transfer my corporation to someone else and I would just be an employee, this incase I do get a divorce in the future, I will not have to split the corporation with him?
Asked on 7/26/00, 2:14 pm
1 Answer from Attorneys
Matthew Kremer
Law Offices of Matthew M. Kremer
Re: Transfering a corporation so it won't be apart of divorce
Sounds like you are contemplating a fraudulent transfer. You could wind up paying very heavy sanctions, under Family Code section 1101 and other statutes/case law.
See an atty to find out what your exposure would be in the first place, even if you don't "transfer" the corporation. You could also look into post-nuptial agreement.
Answered on 9/12/00, 7:38 pm
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