Pennsylvania Info

Pennsylvania Divorce Start Your Divorce Find Professionals Pennsylvania Articles Divorce Facts Divorce Grounds Residency Divorce Laws Property Division Alimony Child Custody Child Support Divorce Forms Grandparent Rights Forum Pennsylvania Products Divorce by County

Pennsylvania Articles

Agreements Custody & Visitation Child Support Counseling Divorce/General Domestic Abuse Financial Planning Mediation Property Division Spousal Support SEE ALL

Info Categories

Contemplating Divorce Children & Divorce Divorce, Dollars & Debt Divorce Laws Divorce Process Divorce Negotiation SEE ALL

More Information

Articles Checklists Research Center Cases of Interest Dictionary Encyclopedia Encyclopedia (pop-up) Blogs

For Professionals

Advertise With Us Free Network Page Join Our Network Submit Articles Sign In

Network Sites

Pennsylvania Divorce Support Pennsylvania Divorce Online

Eagles CEO Luries’ Divorce - Still Successful Business Partners?

In light of Philadelphia Eagles owner, Jeffrey Lurie's recent announcement that he and his wife, Christina, are getting a divorce, but wish to remain friends and business partners after the divorce, I thought it would be a good time to ask the question:

Is it possible for spouses to divorce but continue successfully as business partners?

In my experience, the answer is yes, although it takes a tremendous amount of flexibility, trust and cooperation between spouses to make it happen. To be sure, the marriage has to end well and on amicable terms for the arrangement to work successfully. This means that any other sticking points in their divorce settlement, outside of their business arrangement, have to first be fully resolved to their mutual satisfaction. They cannot carry over any rancor or bitterness from the divorce into their post-divorce business relationship.

Assuming these circumstances are present, I have seen many spouses who were running a business together during a marriage, decide to divorce, and then enjoy an even happier, friendlier and more productive relationship, both personally and professionally. They are truly business partners, but without the stress and tension they experienced while they were married. This allows them to focus more on the success of the business without the distractions that were once there.

Couples who have successfully made this work approached it with the mindset that they built the business together with their own sweat equity and want to see it flourish, and if it does, they both stand to benefit financially--a win-win for everyone. It can also be a way of further honoring their hard work together during their marriage.

Still there are many skeptics, mostly private divorce attorneys, who have already commented that Jeffrey and Christina's proposed arrangement can never work. I do not agree at all. They are both highly intelligent and open-minded individuals who appear to still care for one another. If any couple can do it, they can. In fact, they appear to make great candidates for divorce mediation without any involvement of the court.

Many might say that they should just split the business now through a buyout of Christina from it. What they may not know is that Christina has been a very integral component to the franchise. She has been the driving force for the Eagles' involvement with important causes such as breast cancer, the Eagles Youth Partnership and environmental awareness through her Go Green campaign. She was also instrumental in the creation and design of Lincoln Financial Field, the team's state-of-the-art stadium complex, and its training facilities. To buy her out of the franchise now would be a big loss to the franchise and most certainly hurt its value in the future.

Of course there is a practical, business side to all this that must be considered, even if the couple has the best intentions of making the arrangement work. A business partnership agreement will be needed to address all their legal rights and interests and future options regarding their co-ownership of the business.


Was this helpful? Like our site & let us know.

Related Articles


Start Pennsylvania Divorce Start Your Pennsylvania Online Divorce Today
Easy, Fast and Affordable with a 100% Guarantee.
Pennsylvania Divorce Find Pennsylvania Divorce Professionals in Your Area:
Join the Network
Pennsylvania Divorce Products, Services and Solutions Pennsylvania Divorce Products, Services and Solutions
Pennsylvania Divorce Resources to Help You Through the Process.
Divorce and Custody Books Discount Divorce Bookstore
Over 100 Titles of the Best Books on Divorce & Custody.
Divorce Downloads Divorce Download Center
Instantly Download, Books, Manuals, & Forms.
Divorce Worksheet Free Pennsylvania Divorce Worksheet & Separation Agreement
Your Guide to Get Organized and Put Everything in Writing.
   
Pennsylvania distributes marital property on an "equitable" basis, which means the court awards property in a manner it believes is fair, not necessarily on a 50-50 basis. The court considers numerous factors when it considers how to award divorce property, and it can also award alimony.
Divorce Lawyers & Mediators
 

Find Professionals

Easily Connect With a Lawyer or Mediator
Have Divorce Professionals from Your Area Contact You!
Enter Your Zip Code:

 

Start Your Divorce File for a Pennsylvania Divorce

 

Settle Your Divorce Negotiate Your Pennsylvania Divorce

 

Support Forum Pennsylvania Support Forum


FEATURED TOOL - Positive Parenting Through Divorce (Complete Your Mandatory Parenting Class Online)


Limited Offer Your Right to Child Custody, Visitation & Support
Cover Price: $24.95
Your Price: $17.95
You Save: $7.00

"A Plain English Guide to Protecting Your Children"

Author: Mary L. Boland, Attorney at Law