Is your business divorce-proof? Tune in to find out more!

 

Episode Introduction: 

In this week’s episode of Law Chat with Girija, we’re going to learn all about protecting our business in the unfortunate events of a divorce or death with the help of some practical steps to help you get prepared.

 

Episode Summary: 

Jessica Markham walks us through the different ways a business is evaluated in the event of a divorce and how it impacts ownership. We also discuss in detail prenup and postnup agreements, how each is created and why it’s helpful. Take notes to learn how to protect your business during an unforeseen event.

 

Main Takeaways:

• You can have a highly demanding job and still be able to make time for things outside of work that are important to you. Work-Life Integration allows you to do both without having to choose just one.
• The core values of any business are crucial in deciding its trajectory.
• When you first start a business, the challenge is wearing a million hats at once. As your business grows, the challenge evolves to handing out those caps to other people responsibly.
• Accurate documentation can go a long way in helping you resolve conflicts in court so always try and maintain a written record of everything.
• The value of a business is dependent on both Enterprise Goodwill as well as Personal Goodwill.
• Getting a prenup or postnup agreement will help you safeguard your business as a married individual.

 

Resources: 

• The Self Driven Child by William Stixrud

 

Find Jessica Markham:

Website: https://www.markhamlegal.com/

Instagram: https://www.instagram.com/markhamlegal/

Facebook: https://www.facebook.com/markhamlegal/

Get the visual experience, watch the videocast for the episode here: https://youtu.be/lQzzaLn9TLQ

 

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

 

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcast: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

 

Get the FREE Five Day Legal Audit: https://yourcontractbuddy.com/5-day-free-legal-audit-challenge/

 

Join Law Chat for Entrepreneurs Free Facebook Community: ​​https://www.facebook.com/groups/lawchat

 

Get Ready To Use Contract Templates At: https://yourcontractbuddy.com/