Divorce and the Family Business

Divorce and the Family Business

Avoid pitfalls by taking protective steps in advance

Almost 50 percent of all marriages end in divorce. That number rises to 60 percent for second marriages. Divorce can be devastating, with long-lasting negative effects on the individuals involved, as well as their children. By its very nature, the act of splitting up is destructive and, as such, divorce can bring out the worst in people. When love turns to hate, there can be a lot of collateral damage, including damage to the family business. Given that 90 percent of businesses in the Unit

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