What happens to a joint couple business in case of a split between the couple?

[King Belieal]

In the situation that a couple jointly owned and ran a business, what would happen to the business if the couple can't stay together as a couple?

Is it ever possible for the business to survive the couple's personal problems or the business would likely crash?

 

[Starmix]

I think the business will go on. The male owner may give some amount to his partner. If the business is the cause, that is hard to decide for them.

 

[Augusta]

This depends on the crisis going on if it is a minor one the business would go on but if not then there might just be a split

 

[Xtynehappy]

I think there should be the partnership deep that must take its course in the case of break ups.

 

[kerryjoy]

I believe the business will continue. The male owner might give some amount to his partner. If the business is the cause of any issues, it will be difficult for them to decide.

 

[Starmix]

Maybe for the same reasons the business might be closed for a day to give the business owner a chance to think and move on.

 

[King Belieal]

That's why a prenuptial agreement is proper. It spells out from the beginning of the marriage how financials and investments would be handled in case they divorce in future.

 

[Nomad]

When the couple split, the business will also slip and depending on money and effort invested, both of them will have stakes in the business

 

[Starmix]

I think they have to split everything unless both of them have made a 50 /50 capital ig only the man so nothing for the woman.

 

[Kross]

I don't think as a man, I would allow a business collapse because I am no longer with a partner. I would always work out a deal to keep the business.

 

[Augusta]

I think there should be the partnership deep that must take its course in the case of break ups.

This is why there should always be agreement expressly stated on papers so that they parties follow through if there's a split in the future

 

[magnus2022]

It all depends on the understanding level of the couples. Moreover, it still depends on the judicial system of a country where thr business is located. In most African countries, the man will have upper hand while in European, the man will be at the receiving end.

 

[Kross]

It all depends on the understanding level of the couples. Moreover, it still depends on the judicial system of a country where thr business is located. In most African countries, the man will have upper hand while in European, the man will be at the receiving end.

The thread is talking about a business and not assets. If it is a business, the court would most likely give them equal stakes in the business unless they can convince the court why the person should have a higher stake.

 

[Augusta]

Yes I think the court would give a better judgement. As a lot of information would be used to assert the final judgement

 

[King Belieal]

This is why there should always be agreement expressly stated on papers so that they parties follow through if there's a split in the future

Would you agree to sign an agreement before marriage about a possible split in the future? I am asking because most ladies won't sign that.

 

[Augusta]

Would you agree to sign an agreement before marriage about a possible split in the future? I am asking because most ladies won't sign that.

Why not this is why some people have prenuptial agreement. it even Davies the ladies more. it's even the men that don't like to sign as the lady might gain a lot of their assets.