Are you heading for divorce? Do you own a business? What strategies should you employ if your business is considered a marital asset?
The article below, from “Entrepreneur,” sets forth seven maneuvers if divorce is contemplated. These tactics include maintaining good records, obtaining a fair valuation/appraisal, paying yourself a reasonable salary and maybe even firing your spouse!
Once a divorce is filed, Automatic Orders may prevent the owner from utilizing certain strategies. Therefore, some advance planning may spare your business in the event of a divorce. Speaking of advance planning, the article also mentions other preventive moves such as a prenuptial or postnuptial agreement and placing the business in a trust.
Read the article here: How to Divorce-Proof Your Company