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What to do when your personal and professional lives collide

Many Texas entrepreneurs would say that mixing business with pleasure only invites problems. Even so, that doesn't stop many married couples from starting and operating a business together. Sometimes, an inverse relationship develops under these circumstances, and as the business thrives, the marriage withers.

If you find yourself in this position, you and your spouse, who is also your business partner, may decide to divorce. More than likely, you took steps to create some separation between your personal and professional lives when times were good, and keeping that up during this trying time becomes crucial to the continued success of the business.

Keeping up appearances

Emotions may be running high between you and your future former spouse, but it's vital to the future of the business to keep up appearances at the office. Even if your solution is to keep a polite distance from each other or work on alternating days, if possible, it would help. Since you may not know what you want to do with the business as far as the divorce is concerned, your personal life needs to remain private.

Customers in particular don't need to know, at least not yet. You may decide to inform your employees since they more than likely already suspect that something is up, especially if your business is small and you have daily interactions with those who work for you. However, everyone involved needs to feel as though it's business as usual until you and your business partner figure out what to do.

Keeping the business strong

Personal feelings can easily affect your business if you let them. The urge to "hit where it hurts" could result in irreparable damage that may reduce the value of the company. Whether you intend to continue the business together, sell your portion to your ex-spouse or sell it together, your actions in the coming weeks and months will affect your personal and professional futures.

The urge to devalue the business in order to "punish" the other party or reduce the amount of money you may pay in the future won't work. During the divorce, the court looks at data from numerous years, not just the current one. In fact, the court may disregard any drop in revenue shortly before or during the divorce.

Besides, once you and your spouse calm down and can put aside your personal feelings for each other, you may find that you still have a good working relationship, even though your marriage is at an end. Any efforts at sabotage in the beginning of the divorce process could jeopardize the future of the business.

There's no need to go it alone

The end of your marriage doesn't necessarily have to mean the end of your business. Fortunately, you don't have to make any decisions regarding the business right away. You may take the time to consider all of your options. You may consider enlisting the advice and assistance of a family law attorney who has experience helping people in your situation.

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5400 Bosque Boulevard
Waco, TX 76710

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