At Koenig|Dunne, we know that divorce is one of the most challenging and stressful times of your life, regardless of the circumstances.
For business owners, facing a divorce can seem even more challenging. Many business owners are worried about the impact the divorce will have on their business, or if their business will survive the divorce at all. Going through a contested, litigated business divorce may negatively impact the business, as the divorcing owners’ time, attention, and energy is pulled away from work to tend to meetings with lawyers, experts, and court hearings that can last months (to years).
That is one reason many business owners choose an attorney-mediator to mediate the terms of their divorce settlement. In divorce mediation, the parties focus on achieving a fair and equitable settlement. Rather than having a judge decide the contested issues in a divorce, in mediation, the parties work with a neutral third-party mediator to reach a mutually acceptable and sustainable resolution to all issues without court intervention.
Additionally, mediation is confidential. If you are concerned that a contested divorce may impact your business’s reputation or generate negativity for your business, mediation allows you to settle your divorce privately and confidentially.
As an attorney-mediator, we help facilitate the exploration of alternative and creative solutions that address the following areas of concern for business owners:
- Minimize the impact the divorce will have on the day-to-day operations of your business
- How to value the business
- Division of the business value/interests and/or payout agreements
- Determination of the appropriate income for the business owner
- Avoid dissolution of the business
Contact us to learn more about the benefits of divorce mediation and how divorce mediation may be in your best interest as a business owner.