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More than 50 percent of marriages end in divorce. Most of us are aware of this sobering statistic and the looming vulnerability it presents:. Many involved in divorce lose their homes, their family life, and a large part of their personal assets. But did you know that divorce can also mean the end of your business as you know it?
Tales abound of very smart business owners who, suffering either from love or lack of awareness, have failed to protect their business assets from potential claims in divorce court. One way to avoid future legal skirmishes is to be proactive before the fact with a prenuptial agreement After the fact, if the marital knot begins to unravel, arm yourself with aggressive legal counsel and educate yourself on Georgia law and its potential implications.
[Published in Atlanta Small Business Monthly, May 1997]