Hivest Financial is a financial advisory firm.

 

4 Tips for Protecting Your Company From a Divorce

23 Jun 4 Tips for Protecting Your Company From a Divorce

Posted at 17:22h in Press by

Dianne Hively was a partner and CFO at a financial services firm more than a decade ago when she got divorced. She and her then-husband didn’t have a prenuptial agreement. Though the company was losing money and had very little value on paper, her ex was awarded a percentage–starting at 50 percent and declining to zero over five years–of anything Hively got out of it. (In the end, that didn’t add up to much.)

Today, Hively is happily remarried. She’s also the president of Hivest Financial. She wishes that, in her earlier marriage, she had taken the kind of financial advice she now gives clients for a living. Some of her tips:

1. Don’t make it personal. Asking your spouse for a covenant to protect your property if the marriage implodes is awkward. But when your property is a business, “it’s not just about you,” says Hively. Investors, employees, suppliers, customers, and extended family may also rely on the stability of your company. Explaining this can reassure a loved one that the paperwork doesn’t show a lack of trust…

[Click Here] to read the entire article from INC.