Disclosing Private Corporate & Partnership Interests
When a party owns an interest in an LLC, professional corporation, or private operating company, reporting an arbitrary book value on Form UD-11 is a fatal strategic mistake that invites immediate motion practice.
Forensic Normalization & Officer Compensation Add-Backs
New York courts require disclosure not merely of stated salary, but of all discretionary perks and personal expenses funded by the business entity:
- Personal vehicle lease payments, fuel, and auto insurance;
- Personal travel, entertainment, and restaurant expenses charged to corporate credit cards;
- Cellular, home office, and personal health insurance premiums;
- Depreciation and non-cash amortization deductions.
Under DRL § 236(B)(5), forensic accountants recalculate "Cash Available to Owner" to arrive at true statutory income for maintenance and equitable distribution purposes.