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How a Family Business Can Survive, and Thrive, After Divorce

Melinda Taylor Posted in Honoring Families

How would you feel if you owned a business with your spouse and you decided to divorce? A recent article from The New York Times provides a refreshing example of how one couple was able to maintain their business relationship while going through the divorce process. The couple emphasizes the importance of respect and communication to maintain a constructive business relationship after divorce. The article also recommends that married entrepreneurs establish a shareholders agreement, similar to what business partners sign, to have a plan in place for how the business would function or split if either spouse decided to leave.