Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

16
Posts
5
Votes
Matt Salazar
  • Real Estate Investor
  • Texas
5
Votes |
16
Posts

is an LLC the best way to hide income??

Matt Salazar
  • Real Estate Investor
  • Texas
Posted

I have an Ex wife who will be taking me to court in the near future, I am trying to structure my business entities for that. Any good ideas?

Most Popular Reply

User Stats

21,918
Posts
12,876
Votes
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
12,876
Votes |
21,918
Posts
Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Hi, no one wants to stay away from an X more than I do and I understand you guys wanting not to pay alimony, especially if she is shacked up, but really! If it's child sipport, take responsibility!
There is no legal way to hide money, not with an business entity, not with any off shore account, no trust, there is just no way to hide it legally! Don't believe me? It's called money laundering, tax evasion and perjury when the question asked in court is "How much do you make?" Simple, own up to it. If you don't want to pay anything for five years don't make anything! If you owe it you will pay it eventually, so get it over with and pay her off. See if you can get a lump sum payment to get her off your back. There are ticked off father/husband sites to address marital problems. Good luck, Bill

Loading replies...