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 rewarding.
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 need to pay close attention to what is going on.
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 divorced. However, both business and divorce are different now and continue to evolve.
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 partnership, one partner (or a group partners) may believe that they will just as successful on their own and want to break up the company. At the same time, neither party wants to buy out the other partner. What remains may be an ugly and consternate standoff that threatens the future of the partnership.