- Florida couples who co-own a business may benefit from divorce mediation
- March 4, 2015
- Law Firm: Daniel M. Copeland Attorney at Law P.A. - Jacksonville Office
- When divorce enters the picture, however, the business may go downhill fast as family squabbles intrude upon the workplace. To keep the business running without major problems even during times of great personal difficulty, many couples turn to divorce mediation to help them sort through the issues that come up when a shared business is involved.
Without divorce mediation, couples who have owned a business together can find themselves tangled in costly litigation that compromises the future of that business. For example, in the news recently, a couple who owned an ice cream store who did not enter into divorce mediation found themselves in quite a legal mess. Because they could not work as a team to settle all of their issues before the divorce, they are still embroiled in litigation that could shut down their business an entire year after their marriage ended.
The ex-husband is petitioning the court to dissolve their business because he wants no part of the financial responsibility for the business. Furthermore, he claims that his former spouse is trying to get him removed from their business. According to his claims, his ex-wife is searching for a new investment partner.
The ex-wife, however, contends that the business started from her idea. She states that her then-husband garnered profit from the business while she did all of the work. She wants to find common ground in an agreement so that the business can go on.
A sad situation, indeed. Yet if this couple had been able to ignore their differences and work as a team, they might have had a better shot at finding that common ground to keep the business running, outside of the courtroom drama that continues to plague them both.
Divorcing Florida couples need not endure such a scenario. They can choose to enter into divorce mediation. In the negotiations that take place during mediation, they may be able to come up with a compromise that can save their business. They need not agree on every detail, but they only need to show themselves willing to work as a team so that they do not have to bring those issues to a judge for resolution. If they can work together, their business has a chance to be treated as equitably as other assets that the couple owned jointly.