If you own a business and you’re in the midst of a divorce, you need to take several action steps to protect yourself. Or, if you’re about to get married and own a business, you need to make some upfront moves to keep your business out of harm’s way.
That’s where Jacqueline Newman, managing partner at the matrimonial law firm Berkman Bottger Newman & Schein LLP in Manhattan, can help.
Newman, also the author of the book The New Rules of Divorce: 12 Secrets to Protecting Your Wealth, Health, and Happiness, says time is of the essence when trying to protect a business before or during a divorce.
“Many of our clients ask how to “divorce-proof” their business,” Newman says. “With the amount of blood, sweat, and tears business owners put into developing a company, their concern – as well as the concern of any shareholders they may have