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Updated about 8 years ago on . Most recent reply

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16
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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?

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
12,877
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21,918
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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

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