View Full Version : Garnishing LLC bank account
tonemegga
Dec 27, 2008, 07:29 PM
Can the state of California garnish my LLC bank account because I owe child support or are the business funds protected?:confused:
excon
Dec 28, 2008, 06:51 AM
Hello ton:
If the state or your ex can prove you are hiding assets in your LLC, then they will "pierce the corporate veil", and take the money.
excon
tonemegga
Dec 28, 2008, 06:59 AM
Hello ton:
If the state or your ex can prove you are hiding assets in your LLC, then they will "pierce the corporate veil", and take the money.
excon
Thank you
Fr_Chuck
Dec 28, 2008, 07:14 AM
Yes, if you are using any of the LLC money for your personal account then it is no longer protected.
So if you are earning a high income in the LLC and merely not paying yourself money to not pay support, ( beyond being morally wrong) they can get to the funds.
Your support payment is based on your income, so they had to prove your income to get the support set?
tonemegga
Dec 28, 2008, 09:04 AM
Thanks Chuck!