Divorce for business owners presents challenges that require careful consideration of both personal and business assets. In Illinois, businesses are often viewed as marital assets, which means they may be subject to division. Business valuation, the length of ownership, and any increase in business value during the marriage all impact the final outcome. It’s important to have an attorney who understands how to protect the financial future of your business while ensuring a fair divorce settlement.
Protecting your livelihood means carefully planning how your business will be treated in the divorce process. It may involve negotiating a buyout or creating a strategy that allows you to keep ownership. We offer personalized support to guide you through the complexities of dividing business assets while ensuring your financial interests are protected. If you’re a business owner facing divorce, we can help you navigate the process and reach a resolution that works for you. Contact us today!