Creating an S-Corp 1/2 way through divorce...

[thefed]

I can and will ask my atty, but I was just curious about the ramifications, if any, I'd encounter by creating a new s-corp right now...9 months into what looks like an 18-month divorce.

My assumption is she will have no claim to it as we've been in different household for 9 months and our funds and time arent mingled.

Just wondering!

 

[MichaelB]

It probably depends as much on how good her lawyers are as it does on the law. Sounds kinda risky, thougt.

 

[harley]

My guess (and that's all it is) is that as long as you are still legally married there could be a claim to it. Plus it might sound like you're trying to shelter stuff from her, which could annoy a judge. Especially if you are. Personally I wouldn't do it, and would just focus on getting the whole unpleasant affair over with, then pick up the pieces and move forward from there. However, my legal advice is worth even less than my normal advice. Ask a lawyer. And good luck.

 

[Texas Proud]

The question I would have is how are you funding it

Also, do you live in a community or separate property state

This question is best answered by YOUR divorce lawyer... not anybody here...