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The Guide to Business Divorce

Product details:

Brand: American Bar Association
ISBN: 9781614382140
Publication frequency: Updated as changes in the law dictate
Update method: N/A

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The Guide to Business Divorce


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Published by the American Bar Association (ABA), The Guide to Business Divorce provides an analytical framework to guide lawyers on how to handle a business divorce.

Stripped to its essence, a business divorce occurs when the owners conclude that the benefits of continuing their business relationship are outweighed by the costs (economic or human) to such an extent that continued co-ownership of the business is no longer a viable option.

This guide is a helpful starting point in researching legal and business issues related to business divorce. With its proposed systematic process for handling a business divorce, this book will help you identify commonly recurring problems and craft practical solutions to address them. In addition, it will help you identify challenges that are unique to a particular business break-up and develop creative approaches to addressing those challenges. This process consists of the following basic steps:

  • Step One: Fact-finding
  • Step Two: Business analysis
  • Step Three: Legal analysis
  • Step Four: Advising the client and establishing realistic objectives
  • Step Five: Evaluating and selecting strategies to achieve the objectives