Legal Help Please Csa Trying To Take My Ltd Business Before Its Even Started

[wildmanmk2]

Hi all i too am a newby on here and in business , so finding it a sharp learning curve and now even more after this below has happened ,

I was made reduntant last oct like so many these days , up untill then i had been paying maintance to my X wife for 8 years by mutaul agreement .
I went on benifits , and set myself up a ltd company with very little funds namely my redunantcy £3000 , i am still on benifits as not paying myself a wage yet and only working around 10 hours a week , All this time i have been honest with my X wife and been paying her £5 a week out of my benifits , But now i have a letter from the CSA telling me she is now putting a claim in on my business , What rights does she have on my ltd company finances if i dont even pay myself a wage yet ,as i am trying to build up capital , i am the Director and my new wife is the sect we both have 5 shares each ,
Reading up on it , it seams like the CSA can take 25% of my business earings without even taking out exps , I dont mind paying my X fair maintance but dont want it to risk my business going under before it even starts . I have been thinking of making my wife a Director and giving her more shares than me etc , but dont really want to have to do that .
My business is vat reg if that makes any difference .
would really be good if anyone can give me some pointers on here before i see a solicitor about it all .. many thanks .

 

[Zeno]

I don't really know a thing about it (so why am I posting?...) but I think they are refering to those who are self employed. If you are not talking a salary from the business and have not declared any dividends then I cannot see as to what your ex will be claiming for - the income of the limited company is it's own.

 

[bertandivy]

Don't worry about it. She can only claim a proportion from the dividends or salary you pay yourself from the company. She can have no claim on the company assets.
I agree with the previous post though, if you are a sole trader then you're fair game.....

 

[wildmanmk2]

Many thanks you two for your replies , i do hope you are right , and the more i think about you should be right , i have asked some solicitors on this issue and they cant really give me a clear answer ... thanks again ..keep them coming if you know better .. :redface:

 

[yorkshirejames]

The first and third result in this google search may assist you.