Does owning a business make divorce more likely in your future?

On Behalf of | May 5, 2021 | Divorce

For business owners who are facing divorce, protecting the company is one of their core goals. They want to make sure that they don’t lose critical assets that hinder the future of that company.

At the same time, though, it’s important to ask if business owners are also more likely to get divorced just based on their career path. And the answer, according to many, is that yes, being an entrepreneur can make it very hard to keep a marriage together.

Financial instability can be a factor in both business and divorce

One potential issue is that business owners sometimes have to take financial risks. Their income isn’t as stable. They may invest heavily in a business, at the expense of their family. Even a spouse that supports this company may eventually feel the financial strain, and it’s true that financial stress is one of the top reasons for divorce. 

Working long hours for a business can lead to marital strain

Another factor to consider is how many hours you put in at your company. Many employees just work 40 hours a week and then head home from the office, but a business owner may be the first one in and the last one out every day. They may work on the weekends. They may do paperwork and things of this nature at home, long after business hours. All of this can take a toll on a marriage. 

Are you getting a divorce?

If you’re a business owner whose marriage is ending, you have a lot of important questions to ask. You must consider yourself, your family and your company. As you navigate this complex divorce, you need to know what options you have.