If i open a business will i have to pay 20% of what my business nets even if its a high amount above of what my child needs for living expenses. I live in TX hope u all can help me out with a clear answer
Your child support is based on your income. If you set up your business as an LLC or Corporation, the business will pay you a salary and that's what your child support would be based upon. However, if you set up the business as a D/B/A, you would basically pay child support based on the business income. (It's better to set up the business as its own entity, preferably an LLC taxed as an S-Corp, because you would save on taxes.)
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