Kendall County Divorce Small Business Lawyers
Kendall County Business Valuation Lawyers
Owning a small business can be very exciting and extremely profitable. As most business owners know, a successful company typically requires years of sacrifice and dedication, often at the expense of your personal life. In the event of divorce, however, the situation is reversed as your personal life can directly affect the stability and future of your business. At Robertson Legal Group, LLC, we understand the importance of protecting your business interests throughout the divorce process. Our experienced divorce attorneys will work with you to develop a solution that addresses your needs and those of your small business.
Yorkville Divorce Lawyers Who Know the Law
During an Illinois divorce, the law provides that marital property should divided equitably between the spouses. If your small business was founded during your marriage, the entire value of your company is likely to be considered marital property and, therefore, subject to division. If the business was established before the marriage, the situation becomes more complex, as outside business experts may be needed to help determine the portion of your business that is considered marital property.
The first step in managing a small business during the divorce process is determining the company’s value. There are several ways in which this might be done, depending on the type of business you own and your intentions for the future. Our experienced attorneys work closely with business and financial professionals in valuating small businesses for the purposes of divorce.
Attorneys in Yorkville for Small Business Concerns in Divorce
Once a proper valuation has been completed, Robertson Legal Group, LLC will help you determine the best option for your business in your property settlement. In some cases, selling your business may be necessary, but we will help you avoid that option if possible. With our help, you may be able to reach an agreement that includes:
- A buyout of your spouse’s share of your business using personal assets;
- Offsetting your spouse’s share of your business with other marital assets such as the family home or investments; or
- A structured settlement that will allow you to purchase your spouse’s interest in your business over time.
At Robertson Legal Group, LLC, we recognize that an amicable settlement is almost always preferable to contentious litigation. If you and your spouse cannot reach a negotiated agreement, however, our attorneys are prepared to help you seek a favorable resolution at trial.
Call a Kendall County Lawyer Today
If you have questions about how your divorce may impact your small business, contact our office. Call 630-882-9117 to schedule a free, confidential consultation with one of our experienced attorneys today. Our firm is proud to serve business owners in Yorkville, Plainfield, Oswego, Plano, Joliet, Minooka, Morris, Sandwich, Bristol, and Plattville Kendall County, and the surrounding areas.