How To Handle A Divorce When You Share A Business

Law Blog

Getting divorced can bring a lot of stress to the forefront, especially if you and your spouse also share a business. On top of going through the personal matters that make divorce tough, you will also have to do what is in the best interests of the joint company or any business interests the two of you share. With this in mind, use these steps so that you can end your marriage and make the best decisions for your business. 

Be sure that you carefully separate your business interests

Since you share businesses together, your divorce process will be unique compared to a divorce that two people with 9-to-5 jobs would undergo. You will need to figure out how you'd like to address the business post-divorce. For instance, some couples divorce and still do business with each other, while others choose to instead dissolve the business along with the marriage. No matter what you decide, it's best that the two of you get both divorce mediation and business mediation so that you can begin coming up with agreements on both ends. 

You will need to be able to protect what you feel you are entitled, while also being fair and pragmatic enough to address business and personal matters. It's best that you get an understanding related to the business interests as soon as possible so that you can then put the majority of time and energy into the divorce itself. 

Retain a divorce attorney to navigate and negotiate for you

You will need to hire a great divorce lawyer so that they can look after all your interests. Hire an attorney that is assertive so that they can protect your rights, and help to minimize any of the posturing and game playing that can sometimes come with ugly divorces. 

Most divorce lawyers will advise you to get together with your spouse to figure things out, instead of battling with each other in hearings. It is best for everyone, and you will often find that there are compromises to be made when you can both agree to put personal matters aside. 

Divorces can be rough and will require you to have patience. Reaching out to divorce attorneys can give you confidence that everything will pan out. That's why retaining the right lawyer is the big first step you need to handle. 

Use these tips and begin contacting some potential divorce attorneys


19 May 2019

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