Even divorces with little assets and no children can turn into complex legal matters. The level of complexity is known to increase when the divorcing couple owns a business together. Not only do they need to come to agreements on the typical issues in divorce such as spousal support, child support and custody, and asset and liability division, they also must decide what course to take with their business.
Couples who turn to experienced divorce lawyers for business owners in Chicago will have an advantage by knowing what their options are and receiving guidance specific to their situation. For your financial health and future and that of your business, schedule a consultation with an attorney from our firm today.
Whether you have had your business for decades or only recently acquired the business at the desire of your spouse, it is better if you can look at the situation objectively. It is important to keep your emotions out of your decision and think practically when it comes to your business in terms of your divorce. There are typically three options for couples to choose with their business upon their divorce:
If you and your spouse agree on a buyout option or a third-party sale, you will need to have your business accurately valued. This involves hiring an outside professional, which our divorce lawyers for business owners in Chicago can help you hire. This individual will consider many factors to provide you with an accurate business valuation so that you can ensure that your buyout is fair or that you are selling the business for its minimum value.
Learn more about options for your divorce and your business by meeting with knowledgeable divorce lawyers for business owners in Chicago from our firm today. We are on your side and will give you an honest opinion of the best steps available for you moving forward. We can answer your questions and make this process easier for everyone involved.
Contact us now to schedule your free case consultation at Sanders Family Law.