The Impact of Divorce on a Business
Divorce cases can be friendly, or they can also take a less amicable turn. In some instances, one spouse may be interested in causing harm to the other, including any business interests. When the assets of your business are drained or the goodwill you have built up over the years is hurt during divorce, the end result can be financially devastating not only for you but for your business. To avoid this, you must place your case in the hands of a capable attorney.
Shielding business assets is key in a divorce of this type and our team is here to help.
Protecting your good name and that of your business is critical during divorce if you plan to continue operations after the divorce is finalized. We do that by shouldering the burden of the divorce process for you, so you can focus on your work and continue to thrive. We also use every legal mechanism at our disposal, such as protective orders and seeking injunctive relief, to prevent your soon to be ex-spouse from spreading damaging rumors or disposing of business assets.
If you are a business owner, it is a good idea to draft an agreement prior to or just after marriage to keep your business separate and safe. A prenuptial or postnuptial agreement can be tailored to your business interests, providing peace of mind in knowing if your marriage ends in divorce your business will remain yours and will remain intact. Agreements can also be beneficial in instances when one spouse buys or sells their business interest upon divorce. These agreements will act as a blueprint for the business and its holdings should the parties divorce, and are powerful tools to help protect your business.