Plainfield, IL Business Valuations Attorneys
Family Owned Businesses and Divorce Lawyers Serving Kendall County
When business interests are involved in a divorce, the division of assets and property process takes on added complexity. Before any negotiations can be done to determine if and how the business interests will be divided, a proper business valuation must be done. At the Kendall County divorce law firm of Goostree Law Group, we are experienced in handling all types of business valuations as part of divorce proceedings. We work with experienced professionals to make sure a true and fair value for the business is determined so that our clients can obtain a just financial settlement or judgment.
Family Owned Business Valuations in Kendall County
When a divorcing couple owns a family business or a portion of a family business, it can be challenging to find an equitable solution to property division matters. This is particularly true if other family members also share a stake in the business. In many cases, the best option is for one spouse to retain ownership of the business and for the other spouse to receive a comparable amount of the remaining marital assets. In order to execute this arrangement properly, however, the true value of the business must be assessed. If the value of the business is under-reported, the spouse who does not retain ownership will not recover fair compensation in marital assets, and vice versa.
Our attorneys have decades of experience working with forensic accountants, business appraisers, and other financial professionals skilled in assessing the value of businesses. We keep our clients’ interests as a top priority at all times. Whether you are seeking to retain ownership of the business or compensation for your stake in the business, we will strongly advocate for a fair settlement or judgment. We strive to resolve these matters through negotiations wherever possible, but when disputes persist and litigation is required, we are always prepared.
If your marital property includes business interests, contact us at 630-882-5668 , to schedule a free consultation to discuss your legal options. We will explain how the business valuation and property division processes work and what you can expect in your specific situation. Our firm represents clients throughout Northern Illinois including Kendall County and the surrounding areas.
