When you get married, you aren’t thinking about what will happen if you get divorced. Similarly, when you and your spouse start a business together, you’re probably not thinking about what happens if you get divorced or the business fails. Marriage and business can be...
How do couples know when it is time to pull the plug on a bad marriage? Should they attempt counseling first before throwing in the towel?Counseling is not a panacea to heal all marital ills. But one licensed family counselor and university professor claims that...
You've been running your Atlanta business for the past 20 years, which is coincidentally how long you have been married. But, as it turns out, your marriage is now ending. You certainly don't want to lose your business as well.It is never a foregone conclusion that...
When you co-own a business with the spouse whom you are divorcing, it can be a bit of a sticky wicket. Few couples manage to soldier on together in the business post-split.So, it's likely that this will be the most difficult part of your property settlement,...
When you co-own a business with your spouse, divorce becomes quite a bit trickier to execute. One of the fears of divorcing couples with a shared business to run is that their companies will take a hit from the divorce and not be sustainable.That's why at least some...
In most cases, business and divorce do not make good bedfellows. The founder of the business is usually afraid of losing everything he or she has worked so hard to build. By contrast, the other spouse may worry about not getting a fair share of the business profits....
Business owners who go through a divorce are in a vulnerable position. They may fear being forced to shutter the doors of the businesses they co-own with their spouses during the settlement phase of the process.Suppose that you and your spouse took a big risk and...
During a divorce that involves a business, it's important that you have the business valued. By obtaining the valuation, you'll know how much the business is worth and how you'd like to negotiate to keep it or to allow your spouse to keep it in full.As business owners...
You owned your business long before you were married, and you want to remain in charge like you've always been. At no time during your marriage did your spouse play a role in your business, so you don't believe they should benefit from it.Some of your business's...
During your divorce, you may need to divide your business. If you and your spouse are both taking an active role in the business, it might not be as simple as buying one party out, either.For people who are both invested in the business but no longer invested in their...
