This is a subscriber-only article. Join Entrepreneur+ today for access

Learn More

Already have an account?

Sign in
Entrepreneur Plus - Short White
For Subscribers

'I'm Getting Divorced, and My Spouse Owns Part of My Company' Now what?

By Mike Sowinski

This story appears in the April 2014 issue of Entrepreneur. Subscribe »

Illustration © Neil Webb

Q: I'm getting divorced, and my spouse owns part of my company. Now what?

A: Sorry to break it to you, but unless you went into business with well-defined operational roles or have a prenuptial agreement that clearly defines company ownership, you're likely facing a long and very expensive process of selling the organization and then distributing the payout as determined by the courts.

The nastier the divorce, the more disruptive and destructive its toxic effects on the business will be. Your employees will see a dark side of you and your spouse's personalities--and trust me, they'll never look at you or deal with you the same way again.

Editor's Pick

Related Topics


Discover Your New Favorite Show or Movie with This App, Now $39.99 for Life

Think of this app as your very own, personalized guide to streaming film and TV.

Business News

McDonald's Is Making a Major Change to Its Burgers in 2024

The beloved Big Mac will also be getting a big makeover.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.

Thought Leaders

3 New Ways to Develop Laser-Like Focus

To boost focus in the face of distractions, you need a new approach to success.

Growing a Business

Serial Entrepreneur Turned VC Reveals 4 Numbers You Need to Know to Scale Your Company

If you're looking to attract investment or simply seeking to scale your business, there are four key numbers you should use as your guiding light.