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Lindamood & Robinson, P.C Lindamood & Robinson, P.C
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Tips for helping your business survive a divorce

Are you going through the divorce process? Do you realize this is coming at some point in the near future? If so, and you are a business owner, there are a few things you need to do. After all, you don’t want this to take a toll on your business and the many people who rely on it.

Below are several tips for helping your business survive a divorce:

— Don’t let your emotions take over your life. It is important to give yourself plenty of “me time,” but you cannot let this drag down your business.

— Look toward the future as soon as possible. You may have to compromise in other areas to protect your business, but this could be one of the best decisions you make during divorce.

— Use divorce mediation. Rather than go to court, consider the benefits of mediation. There are many reasons to look into this, including the ability to save time and money. Your voice will also be heard, which gives you a better chance of protecting the wellbeing of your business.

— Keep an open mind. Since you never know what the divorce process will bring, you should keep an open mind to ensure that you don’t miss something that could benefit both parties.

Going through divorce is difficult on many different levels. If you are worried about your business and if you are concerned about what will happen next, it is important to understand your many options. This will put you in position to protect the best interest of your business.

Source: Entrepreneur, “6 Guidelines for Helping Your Business Survive a Divorce,” Arkady Bukh, Sep. 30, 2015

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