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Entrepreneurship and marriage can be a difficult partnership

On Behalf of | May 9, 2018 | Divorce

There are many business concerns to occupy the minds of entrepreneurs and small business owners in Maryland, but personal concerns can also be of particular importance. Reports estimate that around 50 percent of marriages end in divorce, and that includes marriages strained by the stresses of a business or entrepreneurial activity. Business issues can be reflected in a marriage; for example, money issues can be some of the most stressful problems a couple can deal with. When a couple is suffering financially, the difficulties of dealing with unpaid bills and rising expenses can overwhelm a relationship.

Similarly, a failing or financially strapped business can also be stressful for a marriage, especially when the couple’s own investment is on the line. Stress about the future of the business may strain their relationship. However, even when the business is financially successful, there can be a risk to the marriage. For example, many couples who divorce cite time management as a major concern. The business can occupy the time of one or both partners to the exclusion of their personal relationship.

Risk is another issue that can define the business experience but also be dangerous for a marriage. Starting a business requires a certain amount of risk tolerance, and it can be difficult for a more risk-averse partner to deal with the potential financial problems of the future. This is especially true when the company seems to be going through hard times.

Business owners may find special difficulties dealing not only with marriage but also with divorce. When a business is part of the marital assets, property division during the divorce can be more complex than usual. A family law attorney may help divorcing spouses to advocate for their rights and work to achieve a just settlement.

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