Business Owners Should Consider Prenuptial Policy

Nov 8, 2010 - LegalZoom News Sources
Business Owners Should Consider Prenuptial Policy

Although it is a difficult subject to bring up prior to one's wedding, business owners should consider a prenuptial agreement in order to keep the company protected, the Delmarva Daily Times reports.

A prenuptial agreement is important for business owners because it will dictate how the interest is valued, who will be bought out, how the ownership interests will be transferred and how potential gains will be handled, according to the news provider.

An easy way to avoid the unpleasant personal nature of discussing a prenuptial agreement is by making it part of the business shareholder or ownership agreement, the news source says. By doing this, the prenuptial agreement becomes a requirement of the business and helps to limit the emotions involved in the process.

Finally, prenuptial agreements should be drafted and signed at least 30 days prior to the wedding, according to the news source. Often, the court will throw out agreements that are made closer to the wedding, as it could potentially indicate that one side was pressured to sign, the Times says.