When entrepreneurial couples get divorced, there’s often at least one child that gets torn apart: the business they raised together.
Spouses who spent years building a company suddenly find themselves having to divide it up, and the negotiations can get nasty. One spouse may demand a bigger share of the company to soothe bad feelings from the divorce. Another may get defensive about the business’s finances and refuse to divulge details. And old resentments about how the business has been managed can bubble to the surface, making things even uglier.Both spouses can be left emotionally drained, and the business can end up neglected—or dissolved entirely.
In this excellent article from The Wall Street Journal Andrew Blackman writes about what marriage experts and entrepreneurs say couples can do to keep a business together, even when the owners no longer are.