They say it’s smart to keep personal and business relationships separate, but when you’re married, you and your spouse become one in every way – including business. If your “I do” turns into “I don’t” in the future, what will happen to your company?
Here’s how a divorce may impact your business.
Divorce and Business – Your Ex May Become Your Next Business Partner
Depending on the state you live in, your ex may become your new business partner when the divorce is finalized.
The way in which assets are divided in a divorce depends on state laws. A business is considered an asset, and it may be classified as either marital or non-marital property.…Continue reading