What happens to our business if neither me or my spouse want to continue running it after divorce?
When divorcing spouses also work together in a business, it’s possible that after the divorce, neither of them wants to continue running the business on their own. In such cases, they may choose to either sell the business or wind it up. There isn’t much difference between winding up, selling, or terminating a business when two partners want to end it. Typically, one person buys the other out, or the business is wound up or sold to a third party.