Business Professional Divorce Lawyers in Elgin, IL

Business Professional Divorce Overview

For business owners entering into divorce, one of the most important considerations is dividing the marital property in a way that allows the closely-held company, family business or professional practice to weather the divorce. In these situations, it is critical that you have experienced, skilled legal counsel on your side. We are the lawyers of Brady & Jensen. We are located in Elgin, Illinois, and represent clients across northern Illinois in family law matters. If you are a business owner or if your spouse is, our attorneys will work diligently to protect your interests.

In any divorce involving a business, the first step is to determine the value of the business. We will first arrive at a correct valuation of the business, enlisting professional business appraisers and other experts as necessary. Assuming you want to keep the business, we will develop a plan that allows you to keep the business, while your spouse receives offsetting assets. In other situations, a prenuptial agreement may heavily influence the division of marital assets, including a business. In either event, you can depend on our lawyers to forcefully and persuasively present your position.

We will take all appropriate steps to ensure that your divorce does not disrupt operations. Our experienced lawyers have a fundamental understanding of the tax implications in these types of transactions, and will take great care to make sure that the division of the business does not create any tax issues. To discuss your situation with our law firm, please call 847-695-2000.

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Areas of Practice

• Business Professional Divorce Lawyers
• Family Law
• Divorce