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Reference Materials2023-08-14T15:42:04+00:00

When You Own a Business Before You Marry

If you own a business before marriage [separate], and if after marriage your personal efforts [community] increases the value of that business, then it becomes necessary to quantify the contributions of separate capital and community effort to the increase, because the community is entitled to the increase in profits attributable to the community endeavor.

Business Owner’s Income Available for Child Support

If you own a business, whether a tax paying entity or a pass-through entity, and find yourself in Family court on the issue of Child Support, whether as a payor or payee, your business tax returns (or Schedule C) will be examined for certain deductions that Family Court will not allow in determining the amount of income available for child support.

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