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What happens to my business if I divorce?

On Behalf of | Nov 16, 2020 | Divorce

Perhaps you and your soon-to-be ex-spouse work together or co-own a business. Of particular interest is how your divorce can affect your share of marital assets. Separations involving business are usually complex and could make it challenging for you to protect both your personal best interests and those of your company. 

Before you file for divorce, make sure you understand what you can do to make the separation process easier to manage, with minimal impact to your business interests. 


If things between you and your former spouse are not amicable, and you both do not want to keep the business going, you could sell it and split the profit. Get a business valuation to get an accurate idea of how much your company is worth before you attempt to sell it. 

Work it out

If you and your ex-partner are on good terms and want to maintain a professional work relationship, you could work out an arrangement that allows you both to retain your interests and manage the company amicably. If possible, use contracts to help establish conflict resolution guidelines and preserve your working relationship. 

Buy out

Not all spouses are amicable during or after their divorces. If you and your partner are not on good terms, or there are other issues that interfere with your work relationship, you might not want to continue that business venture. The party that does not want to keep the business can decide if they want to accept a buyout offer for their stake/interest in the company from their soon-to-be ex-spouse. 

Divorce can affect your business interests if you do not take measures to protect them.