Take Steps to Protect the Family Business as a Divorce Unfolds

It’s important to take immediate steps to protect the family business in the event of a marital breakdown. If the business is providing significant revenue for the family, it’s their livelihood, and a divorce can be very disruptive.

If both spouses have specific roles at the firm, the parties should take time to sit down and discuss how their jobs may change — either on their own or with the help of lawyers or mediators.

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