11 May Family business and divorce: a six-step survival guide
Posted at 17:38h
in Press
Dianne Hively, 42, is a partner at Chicago-based Red Granite LLC, which advises high-net-worth individuals and small-business owners. Previously a partner in a privately held financial services firm, she went through a divorce and had no prenuptial agreement or shareholder agreement to turn to. She wishes she did.
In the end, her ex-husband won a declining share of the business over time. Ms. Hively advises clients to seriously consider prenups and buy-sell agreements in the early planning stages of their business.
“You don’t go into a marriage thinking you’re going to get a divorce,” Ms. Hively says, “but it’s really important to think about it before things get ugly.” …
“You don’t go into a marriage thinking you’re going to get a divorce,” Ms. Hively says, “but it’s really important to think about it before things get ugly.” …