Most states employ the concept of marital vs non-marital property or community property to determine a spouse’s entitlement to the other’s business in a divorce. You or your co-owners, partners, investors, and other stakeholders should consider some protection to prevent a spouse or that spouse’s divorce lawyer from obtaining all or some of the ownership, rights, or control of your business. While each situation is different and each state has different rules, some steps you can take to protect your business include:

• Pre/Post Nuptial Agreements.  Spouses can agree to the distribution of assets during a divorce, prior to the marriage,

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Continue Reading Protecting Your Business from a Co-Owner’s Divorce