Hi there,
I will be headed into a settlement conference soon and was wondering if anyone knew how retained earnings works?
In short my ex claims to make 80K. After over a year she has shared some of her financials (not all). At the end of the day her corporation makes $160 - $180.
she has about 100K in retained earnings. She says she needs to keep it there in case she loses her job. She has no employees and works off-site with clients, not sure why it needs to be there. Can this be added back to her income? why can't this be counted as part of child support?
anyone have experience with ex's who own a corporation?
thank you.
I will be headed into a settlement conference soon and was wondering if anyone knew how retained earnings works?
In short my ex claims to make 80K. After over a year she has shared some of her financials (not all). At the end of the day her corporation makes $160 - $180.
she has about 100K in retained earnings. She says she needs to keep it there in case she loses her job. She has no employees and works off-site with clients, not sure why it needs to be there. Can this be added back to her income? why can't this be counted as part of child support?
anyone have experience with ex's who own a corporation?
thank you.
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