Limited Company and Divorce

**threaded** · 3 May 2006, 07:49

Been divorced twice and yes.

You may as well let it go bust, fsck off to another country and start all over again. It is much quicker, cheaper and better for your health.

You may wish to ignore this advice, but only if you like nylon sheets, and living in a bedsit with druggies down the hallway.

**Emperor Dalek** · 3 May 2006, 10:56

Originally posted by Bovvered

If I'm a 100% shareholder would my wife be entitled to any of my company's cash if we were to get divorced?

And as the Parlour case showed, potentially to a share of your future earnings as well.

**TheMonkey** · 3 May 2006, 11:05

I'm going to keep an eye on this thread as the wife is about to throw the book at me I think. I'm not living up to her expectations by working 25 hours a day rather than the current 24.

**Gold Dalek** · 3 May 2006, 11:08

Originally posted by TheMonkey

I'm going to keep an eye on this thread as the wife is about to throw the book at me I think. I'm not living up to her expectations by working 25 hours a day rather than the current 24.

... but no doubt she is enjoying the fruits of your labour to the full!!

**janey** · 3 May 2006, 11:11

again... I'm SO going wrong somewhere!!!

**ratewhore** · 3 May 2006, 11:13

I'm smackbang in the middle of this issue right now with an ex-wife who wants over 50% of the cash in the business (including the tax I have to pay on it of course!!).

What am I doing about it? Running down the cash in the business. It's harder than you'd think to get rid of it with no assets appearing on the bottom line but it's do-able :-)

Suggestions:

Company car
Training (expensive MBA?)
Buying another business. (Looked at paying £30K for an internet based business which would give me another revenue stream).

Think literally, think laterally (Didn't DLT say that?)

**Gold Dalek** · 3 May 2006, 11:17

Originally posted by ratewhore

I'm smackbang in the middle of this issue right now with an ex-wife who wants over 50% of the cash in the business (including the tax I have to pay on it of course!!).

What am I doing about it? Running down the cash in the business. It's harder than you'd think to get rid of it with no assets appearing on the bottom line but it's do-able :-)

Suggestions:

Company car
Training (expensive MBA?)
Buying another business. (Looked at paying £30K for an internet based business which would give me another revenue stream).

Think literally, think laterally (Didn't DLT say that?)

Consultant fees from a friendly non associable company (I’ll volunteer mine for a small nominal fee

**janey** · 3 May 2006, 11:17

what I want to know is why women are able to claim they are "owed" this money?

did they give up their careers to stay at home and look after the kids? To be honest off the top of my head that's the only situation I can think of that would justify the claim, however having never been married perhaps I'm just not fully aware of the different situations,

**Gold Dalek** · 3 May 2006, 11:19

Originally posted by janey

what I want to know is why women are able to claim they are "owed" this money?

did they give up their careers to stay at home and look after the kids? To be honest off the top of my head that's the only situation I can think of that would justify the claim, however having never been married perhaps I'm just not fully aware of the different situations,

... yeah the things you do for a shag eh?

Limited Company and Divorce