Does your business need a prenup? - Phoenix Business Journal

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Does your business need a prenup? (Sponsored by BOKFinancial)

High-profile divorces shine a light on managing business and marital assetsNo one enters a relationship — be it personal or business — thinking it will fail. But what happens when it does? Last year, the world looked on as Bill and Melinda Gates announced they are divorcing after 27 years of marriage.

One way to do this is through a prenuptial agreement."These agreements set the guidelines for what will happen if a split occurs and, because they're drafted early on, they're able to focus on facts, not emotions. Benedict said along with the prenuptial agreement any privately held company should have a shareholder agreement .

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