Helping Your Business Survive a Divorce

While divorce is difficult for everyone, the fairy tale of "happily ever after" can become an absolute nightmare if the couple co-own a business.

If you're an owner involved in a divorce, think ahead. Laying a legal foundation and staying calm can make a stressful situation, while never pleasant, less traumatic than it would otherwise have been if both parties start shooting from the hip. In this excellent article, Arkady Bukh offers six guidelines:

• Handle the emotional fallout before emotions become the focus.
• Discuss the future -- early.
• Find attorneys who can empathize.
• Opt for a 'collaborative' divorce.
• Use mediation.
• Employ multiple options.