Can a small business survive after the divorce of its co-owners or “copreneurs?”
A small business can survive and even thrive after the divorce of its co-owners or “copreneurs” as a business couple who owns a shared company is sometimes called. It’s hard, but it can be done. In the US, couples co-own 3.7 million small businesses, according to the Census Bureau. When all is going well in the business and in the marriage, the arrangement may be beneficial for all parties. But, what happens when the marriage dies? Does the business survive? Most of the time, the business relationship ends too and the revised company ownership is thrashed out in court. But,