Ellie and Maggie welcome Mary Kay Shields, owner of Triple Crown Dentistry in Louisville, to discuss the often-unspoken reality of owning a business with a spouse and navigating divorce alongside a partnership split. Mary shares her path from starting her dental practice in 2012 to expanding into a larger, purchased 8,000-square-foot building in 2019, and how differing leadership styles created team division and conflict despite years of intensive counseling. After deciding the marriage and business partnership couldn’t continue, she describes employee turnover, the relief of resolved conflict, and rebuilding culture and leadership through executive groups like Vistage. Mary also recounts a major mistake made during a tax-related entity change when she unintentionally documented 50/50 ownership, complicating the divorce and buyout, and emphasizes leaning on experts—attorneys, accountants, and advisors—and following through on their guidance.
00:00 Podcast Catch Up
01:10 Meet Mary Shields
03:45 Mary’s Dental Journey
06:25 Building The Practice
09:21 Marriage And Leadership Rift
14:10 Decision To Separate
16:45 Rebuilding With Vistage
22:46 The 50 Percent Mistake
28:42 New Culture And Confidence
32:28 Advice For Business Divorce
35:33 Behind the Scenes Shoutouts
36:15 Why This Topic Matters
38:16 Meeting Through Vistage
38:59 Marys Dental Journey
41:47 Building the Practice Together
44:40 When Partnership Breaks Down
49:36 Divorce Decision and Team Fallout
53:39 Rebuilding Leadership and Culture
58:43 The 50 Percent Ownership Mistake
01:04:35 Confidence Returns and New Culture
01:08:43 Advice for Others Mid Divorce
01:10:21 Final Thanks and Wrap Up