Businesses come in all shapes and sizes. If the business is making money, then it's pretty obvious that there's going to be a discussion about how that business should be valued and divided in divorce and there's rarely one answer to that.

If the business isn't making any money, then a common mistake is thinking that it can be ignored. It can't. You may still need to discuss compensation for the startup expenses and you'll definitely want protection from future debts and liabilities.

Joining Mandy to discuss this complicated area is Chicago-based divorce adviser, attorney, mediator and coach, Karen Covy. Karen has a free divorce toolkit available for download at her website.

Looking for a transscript? Visit Mandy's blog for a synopsis of this conversation and more essential information to help you make the best decisions for you.