How Will Divorce Affect Your Business?

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.

Business couple

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

4 Ways to Protect Your Business From a Divorce

‘Happily ever after’ is what married couple want to achieve. Unfortunately, it’s often inevitable due to one reason or another. Depending on your personal circumstances, there are things needed to settle when divorce is inevitable. One of such things is your business.

Divorced

Your business is an asset, and no matter how hard you work on your business, putting in long hours doesn’t protect your business from a divorce. You can take steps to protect your business, and it’s not too late to start taking those steps now if your marriage is, alas, faltering.

If you’re about to begin divorce, you can implement the following strategies to help safeguard your business:

1.

Continue reading