We're finishing up our discussion of small businesses and family law. The two are often inextricably linked. The most public example is the McCourts. The couple's divorce has taken a serious financial toll on the baseball team they own, and many say the divorce is responsible for a management vacuum, as well.
We are picking up where our Oct. 4 post left off. We were discussing small businesses, their owners and founders, and the effect marital discord can have on the business. A recent article reminded us that divorce can exact a high price from a Chicago small business by distracting the owner and, perhaps, draining the company's financial resources.
Almost half of all Americans work in small businesses. Economists agree that small businesses will fuel the economic turnaround. In Chicago and elsewhere, policymakers are debating how to encourage entrepreneurs to launch their businesses and how to help small businesses grow. All eyes are on the small business owner, it seems.