Divorce for Business Owners in Chicago

Not only is divorcing an emotional decision that results in you and your partner parting ways, but it may also be a large financial decision, too. When couples in Illinois divorce, they must determine how any property that they own will be divided. For property owners, this can pose a particularly difficult dilemma.

• Both parties continue to own the business, sharing profits and losses;
• One party buys out the other party’s stake in the business;
• The business is sold and the profits/losses are divided; or
• The business is traded for another asset of equal or close-to-equal value.

Working with an Experienced Attorney Focusing on Divorce for Business Owners

In order to even entertain any of the potential options listed above, it is essential that the business is valuated and that the income and resources of both parties are fully disclosed. Working with an experienced attorney who can help you to ensure that your spouse is not hiding any assets, and that a business valuation occurs in a fair and accurate matter, is essential. At the offices of Women’s Divorce & Family Law Group, we work closely with a number of independent business appraisers and other financial experts who can assist you with both.

Negotiating a Business Division Agreement

In addition to determining what your business is worth, as well as the value of all other marital property, our attorneys can also draft and negotiate a potential business division offer that protects your best interests.

If your case goes to court, we will be prepared to competently and effectively present your case and advocate for you.