Description

When divorce involves a business, the stakes and the questions grow quickly. In this episode of the Illinois Divorce Guide, Greer Howard talks with top Illinois divorce attorney Bobby Buchanan about how owning a business affects the divorce process and what steps can help protect both your livelihood and your peace of mind.

In this episode: 

• Determining whether a business is marital or non-marital property
• How business valuation works and the three common approaches experts use
• Handling discovery for business finances and keeping records clean
• Options for dividing or retaining a business, from buyouts to asset offsets
• Special considerations for family-owned companies and the role of prenups
• Valuing “owner-dependent” businesses where the work relies entirely on one person
• Why a collaborative, non-emotional approach is critical when a business is involved

Disclaimer: This podcast is for informational purposes only and does not constitute legal advice. Please consult a professional for legal guidance specific to your situation.

Connect with Us:

📺 Watch More on YouTube: https://www.youtube.com/@illinoisdivorcetv/
🌐 Learn More: https://www.rbbfirm.com
📞 Consult Bobby’s Firm: 312-757-4833
📧 Email: info@rbbfirm.com

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