To divorce your business partner is a difficult process, and one that is often not anticipated or planned for. It can be complex when children are involved – but your company can make things get down right dirty.
Two years ago, infidelity site Ashley Madison was at the centre of a hacking scandal that leaked details of over 30m users. However, the company has now exclusively told Real Business about how the attack made it stronger and, ironically, more mature.
You may go into a marriage with the soundest of intentions, but the best laid plans of mice and men mean that business owners must be aware of the tax implications if a relationship that also runs into business ownership begins to fall apart.
The dissolution of a business partnership can easily become rancorous – especially when run with your ex. Kirwans senior associate Paul Hunt gives advice to those who have decided to keep working together after a divorce.
It can be difficult to plan for the future, but when you own a business anticipating future risk is essential.