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Schaumburg Business Owner Divorce Attorney

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Schaumburg Business Owner Divorce Attorney

Schaumburg Business Owner Divorce Attorney

At SAM LAW OFFICE LLC, our experienced Schaumburg business owner divorce attorney is a skilled, experienced, and sophisticated advocate for clients. Our firm has the unique expertise to help business owners navigate the unique challenges that come with ending a marriage. 

Are you a business owner going through a divorce in Illinois? We are here to help. We understand the unique considerations and circumstances that go along with a business owner’s divorce. There are simply many issues that must be dealt with that others going through a divorce do not face. 

Please feel free to reach out and contact our Schaumburg divorce attorney for business owners today. 

A Business May or May Not Be a Marital Asset in Illinois

Property division is a major issue in any divorce case. Illinois is an equitable distribution state. In effect, that law holds that a divorcing couple’s property, assets, and debts must be divided in a fair manner. It could be 50/50—but that is not required by law. A business may or may not be deemed a marital asset in Illinois. 

A business started or acquired after the marriage is typically considered a marital asset. This means that its value—as it was accrued during the marriage—is subject to equitable distribution between the parties. Dividing a business in a divorce can be complicated. In some cases, it may be better for one spouse to retain the business while the other is compensated with other marital assets. 

If the business was established or acquired before the marriage, it might be regarded as a non-marital asset that is subject to division. Notably, plenty of exceptions exist. For example, if a pre-marital business increases due to contributions from the non-owning spouse, it may also be deemed a marital asset. 

You Can Trust the Schaumburg Business Owner Divorce Lawyer at SAM LAW OFFICE LLC

If you are a business owner going through a divorce in Cook County or DuPage County, it is imperative that you have a reliable attorney on your side. Our founder, Susan A. Marks, has the unique family law expertise to help business owners navigate the divorce process. When you contact our firm, you will have a chance to consult with a Schaumburg divorce lawyer who can: 

  • Hear your story and answer your family law questions; 
  • Review your business—helping you gather relevant documents/records; 
  • Connect you with the right financial experts for a comprehensive business valuation;
  • Represent you in settlement negotiations, working towards an amicable resolution, and
  • Take action to ensure that you and your Schaumburg business are properly protected. 

Schedule Your Consultation With Our Schaumburg Business Owner Divorce Lawyer

At SAM LAW OFFICE LLC, our Schaumburg divorce lawyer for business owners is committed to providing reliable and solutions-focused legal guidance and support to clients. If you are a business owner and you are also going through a divorce, please, contact us today to arrange your completely confidential initial consultation. We represent business owners in divorce in Schaumburg, Cook County, DuPage County, and beyond. 

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