Helping Clients Navigate A Course To A Better Future

Can you run a business with your ex?

On Behalf of | Aug 22, 2021 | High Asset Divorce

People who have worked hard to build a viable business aren’t likely going to want to call it quits just because their marriage didn’t work out. While there are some instances in which there isn’t any way exes can run the company together, there are some who are able to put their personal feelings aside and continue to do just that. 

There are several things to consider if you want to remain involved in the business with your ex. The goal of this is to ensure that the company doesn’t suffer just because of the divorce. 

Get a written agreement

In order to continue operating the company together, you and your ex will have to outline a partnership agreement. This should include everything from responsibilities to how pay and expenses will be handled. The more detailed the agreement, the less chance that something will be subjected to a dispute that has a critically negative impact on the company. 

Plan for conflict resolution

There are bound to be disagreements between you and your ex. Planning for how these are going to be handled can benefit everyone in the business. You should include a conflict resolution plan in the partnership agreement that you and your ex create. This may include things like discussing the problem away from the business or using mediation to come to new resolutions. 

Individuals who are going through a divorce should carefully consider each point of their divorce agreement. This includes what will happen to marital assets. Working with someone who’s familiar with these cases can help you to learn your options and ensure that your interests are protected. 

Bg Quote

Client Testimonials

Bg Stars

A Wonderful Experience

I had a wonderful experience with Kennedy Law Associates. Marsha Kennedy and her Associates were knowledgeable, efficient, and caring. I felt like my case was a high priority to them, and they helped me understand every step of the divorce process throughout my entire case. I would highly recommend this firm to anyone looking for assistance with a family law matter!
Jennifer Haines

Smart, Caring Staff

I am savvy financially, but had no clue about the divorce process. Through it all, Ms. Kennedy and her staff have been there for me and my kids.
Anonymous

The experience you need through a difficult time

Marsha Kennedy and her team has expertly handled each situation and guided me through the process.
Kelly

Highly Recommend!

Kennedy Family Law did a wonderful job representing me in my divorce. Always responsive and kept me informed – they really cared about me.
Bette Frederick

Highly Recommend!

I have been working with Marsha Kennedy and her team and am so impressed with how my case is being handled.
Kelly Peterson
FindLaw Network