Entrepreneurs work hard to get their business up and running. For those who find success, a number of steps can be taken to help better ensure their business interests are protected from various threats. Litigation resulting from an injury or contract issue are two examples, but business owners should also take steps to shelter their business interests from divorce.
Sprint and T-Mobile wanted it to happen badly back in 2014.
Transferring business ownership is an emotional process, particularly when one’s family members have no interest in taking the reins. It’s not easy to sell the business to an unknown outside party who may not be as invested in its history and culture.