If you are a business owner contemplating divorce, you have additional considerations that wouldn’t come into play for many facing a separation.
It’s not an uncommon scenario, as many entrepreneurs toil long hours building the company, and the marriage can suffer. It’s typical of younger couples to marry with no prenuptial agreement. What starts as a $50,000 venture can expand to a $10 million enterprise by the time the marriage dissolves – and by that time, the spouse has a stake in the business growth.
Of course, every scenario is different, but preservation of the business is a top priority for many owners. Continue reading