Divorce isn't easy, especially when the process involves the valuation of a business. For business owners, understanding the best practices for accurate business valuation is a must. This way, both parties in a divorce can ensure a fair division of assets....
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Business Divorce
Co-owners divorcing can be challenging for a business
Some couples decide to go into business together. This is a great chance to build something as a team, but it can be very difficult to cope with if the marriage falls apart while the company is still going strong. You have to figure out how to handle this situation if...
Working with your ex at the family business after a divorce
One of the challenges that comes with having a family business is being able to keep the business afloat if you go through a divorce. For some, this means keeping a meaningful working relationship. If you have to continue to work with your ex because you decided to...
Set terms for company roles after you divorce your co-owner
Divorcing is a complex undertaking when there are assets in question. When one of those assets is a business, you have to think carefully about what is going to happen with the company. One of the options that you have is to continue things as they are going now...
Make priorities for running your joint business after divorce
Divorcing when you have a business requires equal parts finesse and diplomacy. Some couples choose to continue to run the business as a team even after the divorce. If this is what you are planning on doing, make sure that you are well prepared for what is to...
Set up a plan for business success after divorce
Family-owned businesses can often suffer when the couple running them has to go through a divorce. While it isn't very common, it is sometimes possible for the exes to continue to work together to run the business. This can be a challenge, but it can also be very...
Some people try to hide business income during a divorce
Owning a successful business is a great way to support your family. In most cases, the business is beneficial to your marriage. This might change if the marriage is in trouble and heading toward divorce. If your soon-to-be ex handles the finances for the company, you...
How can divorcing business owners remain working partners?
You probably already know how tough a simple divorce is on the entire family. However, when a couple that owns a business together call it quits, it is even more challenging. In the past, it was unthinkable for two married partners to remain in business together once...
Would a ‘shotgun’ clause be helpful for your business?
The beginning stages of a startup are the best of times. The sense of optimism combined with funding from angel investors can fuel passion for a new product or service. But like the old adage says, nothing really lasts forever. Even with a successful startup or...