When calculating child support and owning your own business, do they take the gross of what the business brings in?
1 Answer | Asked in Family Law for Colorado on Jul 11, 2011.
Answered On Jul 14, 2011
If you are self employed, pursuant to C.R.S. 14-10-115, your income would be your gross business revenues minus your normal recurring business expenses and perhaps other necessary expenses. In essence, it would be whatever salary you pay yourself, plus any profit for the company. The court, or a smart lawyer, will also factor in any personal expenses you pay out of the business, if any.