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Forum nameBiz Ideas
Topic subjectquestion for community property state
Topic URLhttps://www.businessownersideacafe.com/forums/dcboard.php?az=show_topic&forum=103&topic_id=2768&mesg_id=2768
2768, question for community property state
Posted by marcele6770, Fri Jul-18-08 04:11 PM
Here is my question, I live in a community property state and
my wife wants to purchase an existing business that is in her
profession. I have a permanent disability and cannot work. I
receive workers compensation every month and I am prohibited
from earning any other income. Because I live in a community
property state does that stop my wife from purchasing a
business just in her name? And if she can purchase a business
in her name can she use my income as well as hers to get
financing?  Thank you