The valuation and distribution of marital and nonmarital property can be one of the most challenging parts of a divorce. Things can be made even more complicated if the divorcing couple owns a business. Divorce attorneys and valuation experts are available to...
Business Valuation
Three possibilities to consider when business owners divorce
Chicago-area couples who have a mutual marital interest in a highly profitable business may financial success, but their marriage may not be so successful. If they decide to divorce, they will have to determine what to do with their privately held business, if it is...
Options for dividing a family business during divorce
The equitable division of property is one of the top concerns during the divorce process. Part of that process may include division of a family business and the valuation of that business the family has worked a lifetime to build. As a result, it is useful to be...
Preparing a successful succession plan for your business
Many business owners in Chicago want to see their enterprise carry on in some capacity after they bow out of the business or are no longer alive. In order to achieve this goal, business owners need to prepare a successful succession plan. First, the business owner...
Assessing options to perform business valuations in divorce
You’re looking at one of the most complex parts of the divorce process, where the courts divide your property. But your assets aren’t a simple matter, especially when you’re addressing the division of your business. Married couples co-own 3.7 million small businesses...