How to Protect Your Family Business from a Divorce

October 2010Articles Commerce
Family-owned businesses make up an extremely large percentage of the going concerns in this country. Indeed, some studies suggest that almost 90 percent of the businesses in the United States are family owned, and make up half of our Gross National Product. There are many issues which impact the financial health of a business, and a divorce of a principal is one event that can be particularly damaging to the company if not handled correctly. Given the percentage of marriages that end in divorce, the odds are pretty good that a divorce will affect a significant amount of family-owned businesses.