When Business Owners Divide Marital Assets In A Divorce
Whether you are a business owner or the spouse of a business owner, we understand that you have special considerations related to dividing property in your Illinois divorce. You may be especially concerned about:
- Protecting your business interests during and after the divorce, including future returns on your investments
- Protecting your business partners from being hurt by the divorce
- Ensuring that expenses of running your business are taken into account when determining assets and income generated from that business
- Ensuring that market downturns, business disruptions and other financial risks are accounted for in the division of assets or determination of spousal support
Whatever are your vulnerabilities related to your business interests or your spouse’s, an important first step will be a thorough and reliable business valuation. When Grotta & Associates, P.C., assists clients through divorces affected by business assets, our lawyers work vigorously to guard our clients’ financial integrity and honor their stated goals.
What if you and your spouse are co-owners of a business and one spouse wants to cash out while the other wants to keep the business as strong as possible? Difficult scenarios like this demand knowledgeable legal counsel throughout the divorce process. We are experienced litigators who can position you for a favorable outcome by all means necessary as your marital assets are distributed in a divorce.
Business Investments And Profits May Not Amount To All They Seem To Be
Our decades of experience in divorce and family law have given us deep insights into the demands that business owners face before, during and after a divorce. We understand the ongoing requirements of managing employees, real estate and raw materials, as well as fulfillment of business deliverables, and other realities facing business owners. The strain of a divorce can compound these challenges. We are ready to watch out for your rights as a business owner approaching divorce. We are also sensitive to the rights of spouses who may or may not have participated in a business and seek their fair share in property division.
Get your divorce moving forward with equitable property division that acknowledges the unique nature of business interest portfolios in a marital estate. Call Grotta & Associates, P.C., at 708-873-9500 or email us to request a consultation on your divorce with business assets involved. Our four office locations enable us to conveniently serve clients throughout DuPage County, Will County, Cook County and nearby.