Helping Your Business Survive a Divorce

April 20, 2016

While divorce is difficult for everyone, the fairy tale of "happily ever after" can become an absolute nightmare if the couple co-own a business.


If you're an owner involved in a divorce, think ahead. Laying a legal foundation and staying calm can make a stressful situation, while never pleasant, less traumatic than it would otherwise have been if both parties start shooting from the hip. In this excellent article, Arkady Bukh offers six guidelines:

 

  • Handle the emotional fallout before emotions become the focus.

  • Discuss the future -- early.

  • Find attorneys who can empathize.

  • Opt for a 'collaborative' divorce.

  • Use mediation.

  • Employ multiple options.

     

     

     

     

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