Divorce and the Family Business – Part 3 – Key Success Factors of Working Together Post Divorce

Most business owners know not to bring personal issues to work, but how do you do that when your ex-spouse is your business partner, co-owner or employee? Although it does not happen often, divorced spouses have been able to continue operating a family business successfully together. How do they do it? Maintaining Mutual Respect and […]

Divorce and the Family Business – Part 2 – Who Stays and Who Goes?

Both parties are often emotionally as well as financially invested in the business. It may have also been a major part of their social lives as is found with franchise owners who develop a business and social community. Working together after divorce is an admirable goal, but it may not be realistic for many divorcing […]

Divorce and the Family Business – Part 1 – Close or Sell the Business?

In a three part series I will explore the options available to divorcing couples who have family businesses. Industry Canada’s definition of “small business” is firms that have fewer than 100 employees. Ninety-eight percent of businesses in Canada have fewer than 100 employees according to their Key Small Business Statistics report issued July 2012. This […]