Legal Question in Business Law in Louisiana

I'm involved in a property seperation after divorce.Ihave a one man one truck trucking operation as my primary employment and the sole owner of the business.Can i legally sell or donate the business assets to my current wife an start another business under a new name an ein #


Asked on 12/10/12, 8:51 am

1 Answer from Attorneys
Nick Pizzolatto, Jr. Pizzolatto Law Office

If you exwife's attorney does not smell a rat and hammer you and your current wife, then she has no attorney. Your one-man/one-truck trucking operation is still community property if created and run during the previous marriage. However, the value of it is nothing without the one-man involved, so the calculation of what the ex gets would be less than 50%.

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Answered on 12/10/12, 9:54 am


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