Heidi E. Opinsky

The Law Offices of Heidi E. Opinsky, LLC

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Protecting a Family Business From Disruption During a Divorce

Learn how to protect your family business from being disrupted during a divorce. Get help from a Connecticut & New York divorce lawyer now.

A divorce can be a stressful and emotional time for any family, but it can be especially difficult for those who own family business. Your business likely provides a significant portion of your income – if not all of it – and divorce puts this at risk. 

If you’re facing a divorce and you own a business with your spouse, it’s important to take steps to protect your business from being disrupted. Here are some helpful tips to help you keep your business running smoothly during this difficult time.

Keep Communication Lines Open

If possible, try to maintain an amicable relationship with your soon-to-be ex-spouse. Being cordial with one another will make it easier to communicate about the business and make decisions that are in the best interests of the company. If you have older children who are also involved in the family business, bring them into the conversation about what to do with the business as well so they understand what’s happening and can help with the transition.

Create a Separation Agreement

A separation agreement is a legal document that outlines each spouse’s role in the business and how assets will be divided in the event of a divorce. You can create one voluntarily that the court typically then honors once your divorce becomes finalized. This can help prevent disagreements about the business down the road and ensure that both parties are on the same page. If you’re not sure where to start, you should meet with an attorney or mediator to help you create an agreement that serves your best interests.

Make a Plan For the Future

It’s hard to know what the future will hold, but it’s important to have a solid plan in place for how the business will run after the divorce. The last thing you want is to be left scrambling at the last minute, so get started now. This may include hiring new employees, changing financial arrangements, or establishing new partnerships.

By having a plan in place, you can minimize disruptions to the business during the process of dissolving your marriage and keep things running relatively smoothly during this difficult time.

Seek Professional Help

If you’re finding it difficult to navigate getting a divorce on your own, don’t hesitate to reach out for professional help. An experienced lawyer and therapist can assist you in dealing with the stresses of divorce and help you create a plan for moving forward both personally and professionally. A divorce can be a trying time for any family, but it can be especially difficult for those who own a family business together.

Call Heidi Opinsky Today

If you’re facing a divorce and you own a business with your spouse, take steps to protect your company by following these tips: keep communication lines open, create amicable terms through as a separation agreement, make plans for the future, and seek professional help when needed most. Contact Heidi Opinsky for a consultation today by dialing 203-653-3542.