Divorce-proof your business

The small-business owner bristled when Akeela Davis suggested that she and her husband-to-be draw up a marriage contract.

"I can't go into this marriage thinking it will fail," the business woman said.

She listened as Davis, a Vancouver-based financial-divorce specialist, explained why business people need these agreements when they get married.

A marriage contract -- in the U.S., it's called a pre-nuptial agreement -- would explicitly exclude the woman's future spouse from owning a piece of her business if they separated. The woman, who had been building the business for several years before she met her partner, finally agreed.

via Divorce-proof your business.