POSTS TAGGED : divorce

5 Effective Coping Strategies for Entrepreneurs Facing Divorce

Divorce can be a twofold blow for entrepreneurs. Not only do you have to cope with the personal pain of separation, but you’ll also have to worry about how the divorce might affect your professional life and your business’s future. A recent survey found that 70% of divorcing entrepreneurs couldn’t focus on their work the same way, which made them rely on outside help to keep the business afloat. (1)

Entrepreneurs facing divorce

It’s a tough situation to find yourself in, but the good news is that there are effective coping strategies you can use to help you through this challenging time. As an entrepreneur, you’re used to tackling problems head-on and finding creative solutions.…

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A Business Owner’s Guide to Managing Business Continuity During Divorce

Divorce is a challenging experience, filled with emotional and financial complexities. For business owners, the added layer of a thriving enterprise adds another dimension to navigate, especially when both spouses have a stake in the company.

Business continuity amid divorce process

However, proactive planning and informed decision-making can help ensure your business remains stable and resilient during this period. This guide provides tips to help you prioritize business continuity throughout the divorce process. Read on!

1. Seek Professional Support

Assemble a team of experts to help you with the legal and financial aspects of the divorce. Begin by looking for an experienced divorce attorney, as they understand family law and can value assets to help secure a fair settlement while minimizing disruptions.…

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How Can Companies Support Employees Going Through A Divorce?

Divorce is a significant life event that can impact people both personally and professionally. As companies increasingly recognize the importance of employee well-being, providing support for those navigating a divorce is a crucial part of creating a compassionate and inclusive workplace.

Divorce process

In this article, we will explore how companies can effectively support employees going through a divorce, helping companies to foster an environment that prioritizes both personal and professional growth.

1. Keep Things Flexible During Divorce Proceedings

One of the most immediate ways companies can assist employees during a divorce is by offering flexible work arrangements.

Divorce often involves legal proceedings, meetings with attorneys, and other time-consuming activities that can disrupt an employee’s regular work schedule.…

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How to Protect Your Money in a Divorce? 

Our discussion today will include the division of property after a divorce, how property is divided in a divorce, and how the partition of a house is handled in a divorce, among other things. Because separating a couple’s assets is never a pleasant experience, understanding the ins and outs of the law can help to make the process a bit less stressful while also contributing to a more amicable outcome.

Plenty of money

Bringing a couple’s financial resources together is one of the most difficult obstacles they will encounter when they first begin living together. There are a variety of reasons for this, and it is not uncommon for one spouse to have a significantly different financial perspective than the other, which may make things more difficult (especially if one saves and the other spends money).…

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Divorce in Military Families – What You Need To Know & How It’s Different

Any way you look at it, divorce can be difficult. It’s essential to deal with both emotional and legal issues at the same time. Military personnel may face a difficult and expensive divorce process. By knowing what to look out for, you can alleviate some of the stress, time, and cost.

Military divorce process

Start by contacting your local Legal Assistance Office. Whether you’re a US citizen or a citizen of another country, you’ll be able to receive free legal assistance.

What can your local Legal Aid Office do for you?

However, depending on where you file and what laws and regulations apply in your state, some federal statutes and military regulations might also apply.…

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How to Value a Small Business for Divorce

One of the most challenging aspects of divorce is the division of assets. Depending on the marriage and the assets accumulated during this time, dividing these fairly between spouses may need to involve professionals, especially when it comes to valuing and dividing a business. With the different approaches to valuation and the aspects of a business that they focus on, the outcome of the valuation may differ substantially from method to method.

Divorcing small business owners

In this article, we will outline and explain these different approaches in valuing a business for the purposes of a divorce.

Separate or Marital Interest

The first step in valuing a business for the purpose of divorce is to determine how the value or interest in the business should be split.…

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3 Tips For Protecting Your Small Business When Going Through a Divorce

While running a business in and of itself can be challenging, this task can become even more difficult if you have personal issues that are bleeding over into your professional life. Although you might try your best to keep things separated, big personal issues are bound to creep into your business life on occasion.

Divorcing small business owners

One of those occasions where there’s likely to be some overlap is a divorce. But not only could this make this messy with your business, but it could also cause irreparable damage if you’re not careful.

So to help ensure that this doesn’t happen to you, here are three tips for protecting your small business when going through a divorce.…

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How Will Divorce Affect Your Business?

They say it’s smart to keep personal and business relationships separate, but when you’re married, you and your spouse become one in every way – including business. If your “I do” turns into “I don’t” in the future, what will happen to your company?

Here’s how a divorce may impact your business.

Business couple

Divorce and Business – Your Ex May Become Your Next Business Partner

Depending on the state you live in, your ex may become your new business partner when the divorce is finalized.

The way in which assets are divided in a divorce depends on state laws. A business is considered an asset, and it may be classified as either marital or non-marital property.…

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4 Ways to Protect Your Business From a Divorce

‘Happily ever after’ is what married couple want to achieve. Unfortunately, it’s often inevitable due to one reason or another. Depending on your personal circumstances, there are things needed to settle when divorce is inevitable. One of such things is your business.

Divorced

Your business is an asset, and no matter how hard you work on your business, putting in long hours doesn’t protect your business from a divorce. You can take steps to protect your business, and it’s not too late to start taking those steps now if your marriage is, alas, faltering.

If you’re about to begin divorce, you can implement the following strategies to help safeguard your business:

1.

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