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    tonemegga's Avatar
    tonemegga Posts: 4, Reputation: 1
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    #1

    Dec 27, 2008, 07:29 PM
    Garnishing LLC bank account
    Can the state of California garnish my LLC bank account because I owe child support or are the business funds protected?:confused:
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    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's Avatar
    tonemegga Posts: 4, Reputation: 1
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    #3

    Dec 28, 2008, 06:59 AM
    Quote Originally Posted by excon View Post
    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    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's Avatar
    tonemegga Posts: 4, Reputation: 1
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    #5

    Dec 28, 2008, 09:04 AM

    Thanks Chuck!
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