You and your family have worked hard for years to establish and build your small business. Naturally, you don’t want divorce to wipe out your livelihood and all you have accomplished.
At Gauthier Family Law, we know firsthand what it means to own a small business. Our lead attorney, Michael J. Gauthier, has assisted hundreds of divorce clients in Northern Illinois with business valuation and complex property settlement. Our extensive experience in this area of property division law will give you the advantage in your divorce case.
Accurate Business Valuation Lawyer
To properly settle the fate of a small business in property division, it is first necessary to determine exactly how much the business is worth. We will conduct a thorough evaluation of your company, including:
- Real estate
- Equipment and machinery
- Stock of goods
- Accounts receivable
- Bank accounts
If your business is marital property, your spouse is entitled to a substantial portion of its value, whether or not they contributed directly to its operations. It is common for one spouse to buy out the other’s interests in a family business, allowing the business to stay open. We will negotiate a workable solution on your behalf.
If you are not interested in maintaining your ownership share in your spouse’s business, you still need effective representation to ensure you get other assets in exchange.