What is the name of your state? Fl
I recently remarried. My current wife and I would like to open a business. We are fixing her credit due to her ex-husband leaving her with all their previous debt. We already lost one opportunity to open one business. We are thinking how opening the business in my name (my credit is in good standings) and as soon as her credit is better, we would transfer the business into her name. My ex-wife uses the child support money for her own use. I still buy my children additional clothe and supplies that stay at our home. We would hate to put all of our hard earn time and money into a business and have the ex-wife enjoy the benefits because my child support would increase. Would this be something we can consider without me being hit with an increase in child support? Please advise. If there are other options I'm all ears.
I recently remarried. My current wife and I would like to open a business. We are fixing her credit due to her ex-husband leaving her with all their previous debt. We already lost one opportunity to open one business. We are thinking how opening the business in my name (my credit is in good standings) and as soon as her credit is better, we would transfer the business into her name. My ex-wife uses the child support money for her own use. I still buy my children additional clothe and supplies that stay at our home. We would hate to put all of our hard earn time and money into a business and have the ex-wife enjoy the benefits because my child support would increase. Would this be something we can consider without me being hit with an increase in child support? Please advise. If there are other options I'm all ears.