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How to Keep Your Business Running Smoothly Through a Divorce

Business & Government Quinton G. Washington
Details
Length
1:11
Views
30
Attorney
Quinton G. Washington
Published
Jul 23, 2024
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About this video

Going through a divorce while running a business? Ensure your business continues to thrive by understanding its operations and crafting a solution for stability. Make sure non-active spouses receive their share without disrupting the business. Now is not the time for sudden changes. Let’s keep your business stable and your life on track.

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Transcript

if you have a business that may be going through a divorce one of the things you want to think about is how you’re going to make sure that a business continues to run and operate one of the first things we ask for clients to do is to help us have an understanding of how your business operates by doing that we can help craft a solution that will allow for the business to still run while parties are getting divorced an example of how we may help craft the solution that will allow the business to still run is you may have a spouse who receives payment from the business that we would make sure that the spouse continue to receive the payment for the business but at the same time it would be an exchange for you being able to run the business without the involvement of your spouse particularly if your spouse has been a non-involved or non-active partner in the business now is not the time for them to become an active partner in the business when you’re going through a divorce businesses need stability and it’s our goal to help you have stability in your business because businesses are important assets that allow for parties to live the lives that they want to live