BizSugar.com › Management › How to divorce-proof your business

Divorcing your spouse does not mean you must divorce your business. Something you and your spouse can hopefully agree on is that it is in both your best interests that the business continues to operate profitably and provide income.

A privately held business can represent a major portion of the marital assets in divorce and become subject to division in the settlement. Without advance arrangements, you could find your business lost in a liquidation sale or divided into fragments or you could find yourself in partnership for a very long time with the person you are trying to get away from.