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Make plans now if you and your ex are staying in business

On Behalf of | Jul 12, 2017 | Blog |

The last thing that most people who go through a divorce want is to have to work with their ex on anything. If you and your ex own a company and you are both still involved in the company after the divorce, you will have to work together.

It is imperative that you set the stage right from the start so that you can have a suitable working relationship. Here are some tips to help you do this:

Decide where the separation will occur

You will never be able to fully separate your working relationship from the personal relationship. This can make the arrangement difficult, so you need to decide where you are going to draw the line. Typically, you can do this by focusing only on work when it comes to your ex. If he decides to show up with his new fling, look past her and focus on running your business. This can help your business to thrive, where acting out might turn clients and investors away.

Discuss the specifics of your respective roles

You and your ex need to decide what you will be responsible for and what he will be responsible for. Deciding these points now can help you to truly focus on what you will do to grow your business. While you and your ex are defining roles, take the time to discuss the finances. Making a plan for all things financial can also help you to make decisions as you carry out your job duties. Write everything out or create a contract. This gives you something to refer to later if there are issues that arise.

Keep employees out of it

It is all too easy to start dragging employees between you and your ex, but you shouldn’t do this. Much in the same manner as you wouldn’t put children in the middle of things, you shouldn’t expect employees to relay messages, especially personal messages. Not only can putting employees in the middle of these matters end up costing you good employees, it can also lead to miscommunication and other problems that can harm your company.

Once you know that you are going to divorce and that you will work with your ex to run the business, you have to make sure that you and your ex both take steps to protect the business. On top of that, you need to make sure that you take steps to protect yourself.