Marriage and divorce are both significant personal life events as well as business transactions. A marriage creates a de facto 50-50 partnership in all business ventures from that point until divorce or death. These major life events should be part of any entrepreneur’s discussions about risk analysis and asset protection.
Entrepreneurs routinely hire business lawyers for help and advice before, during, and after starting a company to protect their company. However, rarely does that advice involve a discussion of the risks to a business due to marriage or divorce or what steps can be taken to eliminate or limit those risks.
