I am currently exploring ways to protect our assets from potential risks associated with an SBA loan. Specifically, I am seeking strategies to shield our personal guarantee and ensure that our current assets, such as our two homes and a significant portion of our bank accounts, remain safeguarded in the event of any post-transaction business complications such as bankruptcy.

While I have briefly considered the option of divorce as a means to achieve this goal, I believe there must be alternative approaches that are more appropriate and effective. I would greatly appreciate any insights or recommendations regarding strategies that do not involve complete separation. For instance, would it be advisable to discontinue filing taxes jointly? Place both homes and mortgages under the spouse name? Create two checking/bank accounts separate from each other? Anything else?

Additionally, I am interested in connecting with professionals who specialize in asset protection and have experience with SBA loans, specially with experience on SBA loans that have gone awry (lost clients and unable to pay back). Their expertise would be invaluable in guiding me through this process. If anyone has any recommendations or can provide assistance, I would be grateful for your support