Using A Prenuptial Agreement to Protect the Small Business
A divorce or death in the small business owner family can threaten loss of assets and/or control of the business. A prenuptial agreement can be used to control the distribution of assets upon divorce and/or death in order to preserve the assets of the business and retain ownership and control of the business. Small business consultants are in a unique position to discuss this matter with their clients and suggest a policy regarding prenuptial agreements. General requirements of prenuptial agreements and possibilities for use in the small business are discussed.
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