How to Protect your Business from a Divorce

If you are in business with other people, be it your spouse, other family members or a non-family member, a marriage breakdown involving any of these stakeholders will affect the business. Taking the time now to address potential issues arising from a marriage breakdown that may affect your business in the future can save you a lot of stress, time and expense. We outline some strategies including: 1. Put in place a buy-sell Agreement 2. Make a binding financial agreement (i.e. prenup/postnup) 3. Maintain good business operations.

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