An Attorney Explains the Impact of Divorce on Business Assets

Chantale Suttle • October 2, 2020
A man works on a laptop a table.

Attorney Suttle Shares Prenup Knowledge in the October 2018 Issue of American Drycleaner


Owning a small business, like a dry cleaners for example, can bring plenty of stress each day, from attracting new clients to crunching the numbers. Going through a divorce as a small business owner will only add to the complications and worries. That is, unless you use a prenuptial agreement that properly protects your business from the unfair advances of your soon-to-be ex-spouse.

 

Attorney Chantale Suttle of JustPrenups.com in Florida recently shared her insight and knowledge about prenuptial agreements and small business owner applications in American Drycleaner, the top publication for dry cleaners across the country. In her article, she discusses the fictional stories of two drycleaners, who each got divorced. The difference is one walked away with almost nothing, and the other continued to run and grow his business.

 

What was the dividing factor between one person’s success and the other’s failure? Planning ahead with a prenuptial agreement to keep the business that was owned by one spouse separate in case of divorce. In the story, the character used a postnuptial instead of a prenuptial, which is effectively the same exact thing, only signed after marriage instead of before.

 

With a prenuptial or postnuptial agreement, you and your spouse can decide on some of the most important factors of divorce, just in case it ever happens, from spousal support to marital property division. You and your spouse can pave a less contentious path to a life after divorce by creating a prenuptial or postnuptial with a trusted attorney. Any small business owner really cannot sit comfortably without a prenuptial filed away somewhere, or else risk his business to unfair division.

 

Would you like to read the full article written by Attorney Suttle? You can access the digital edition of American Drycleaner October 2018. Scroll to page 28 to visit the article.

 

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