A Little Bit Of Everything, Done Right.

  1. Home
  2.  » 
  3. Family Law
  4.  » Can you run a family business together after you and your spouse divorce?

Can you run a family business together after you and your spouse divorce?

You and your soon-to-be-ex-spouse are on speaking terms, and you both realize that you’ve built up a great life together. Financially, you’re well off, and the last thing you want to do is to make mistakes during your divorce that hurt your business. 

You’ve both agreed that you want to play a role in your business moving forward. However, the hurt feelings from your marriage make you unsure if it’s a good idea to continue running the family business together. What should you do?

Consider dispute resolution to talk through your business concerns

Mediation is a great place to talk through your concerns and to come up with a plan for your business moving forward. In mediation, a third party will be there to keep you on track, so if topics unrelated to your business come up, they will be there to get both of you back onto the topic at hand.

The nice thing about discussing business plans with another person present is that it reduces the likelihood of the conversation getting too emotional or uncontrolled. Most people don’t feel comfortable having a significant dispute in front of others, so that simple fact does help in mediation.

Divorce mediation gives you a place to be heard. Both of you can present how you’d like to move forward with your business, listening to each other during the session. Then, you may decide to end the session and think about the discussion before returning to offer different ideas or suggestions. 

It is possible to continue working together, but you and your spouse will need to separate your relationship from your business. If you can do that, and if you can both focus on what the business needs successfully, then you may be able to keep working together.