Tag Archives: business divorce

What Happens to the Family Business During Divorce?

Sometimes the prospect of dividing up assets deters people from seeking a divorce. When you own a family business, property division can quickly become complex. Businesses generate income for the family, but they’re also treated as property during a divorce. Here are three major options to divide a business: Co-ownership:If your divorce is amicable and… Read More »

Can Mediation Work When You’re Divorcing a Business Partner?

It’s not unusual for partners in a marriage to also be partners in a business. But if the marriage fails, do the business partners also have to divorce? And if they do, is mediation still a viable option for dissolving the marriage and the business partnership? First, let’s break down the issues. Just because two… Read More »