Business Divorce
Sometimes the reason a business is failing is due to irreconcilable differences between owners. Quite often this happens when owners have close personal relationships—family, friends, romantic. Maybe a family member passed down the business and those who inherited it do not get along, or do not agree as to the goals of the company.
The rest of this section is forthcoming but for now read: 📖 Advising Clients in Wind-Downs, Separations and “Business Divorce”: How to Use ADR and Other Tools to Steer Business Owners Through a Break-Up of a Closely-Held Business.