Whenever a business owner, major shareholder and/or entrepreneur gets divorced, the annoyances, intrusions and disarray caused by the process itself spread beyond the immediate family. The business itself, regardless of size, is in for it too.
Entrepreneurs have a high divorce rate, and it is partially because the demands of business creation can outweigh the demands of family. Given the statistics, it is a good idea for business owners and boards to have thought through and decided how to handle the inevitable involvement the business will have in an owner’s divorce. There are a number of ways you can try and protect your business long before divorce is on the horizon. Entrepreneur.com has some good suggestions.
If you are the entrepreneur, expect that for a while you will no longer have the focus on the business that you used to. Everyone — and as far as I have seen it affects everyone — has short term memory loss in some stage of the divorce. They are distracted, unable to think clearly, and often are just plain depressed.
I always request that my clients see a counselor during the divorce process, as it makes sense to … Keep reading