The hard work that one invests into growing a successful enterprise may be one of the most satisfying experiences in life. If a divorce were to threaten the success of this business, the business owner could be left with little more than shattered dreams. There are steps that Florida residents can take to protect a business in the event of a high asset divorce.
There have been many individuals who have lost all they worked after a dissolution. Instead of suffering such a fate, one can take steps before a marriage to ensure that a business survives in spite of a failed relationship. Those who have worked to start a company are urged to enter into a prenuptial agreement with the intended spouse. Such an agreement can stipulate that the company and its assets will remain in the hands of the original owner if the marriage should end.
If a marriage commences before such a contract was signed, then the two parties may wish to draw up a postnuptial contract. Though these documents are not as secure as a prenup, they may still offer protection for a business. Before either of these agreements are executed, it is important that both parties have their own representative who can ensure that their own best interests are provided for and that the contract is a fair as possible.
It may be helpful to consider these agreements as an insurance policy for a business. The work that one puts into growing a successful venture entitles one to take measures to protect it in the event that a spouse later seeks to obtain a portion of a business that he or she did not take an active interest in before the high asset divorce. Florida residents may wish to consult with a skilled attorney in order to ensure that their own hard work is secured for the future.
