Business Valuation and Divorce Attorney in DuPage County IL

Oak Brook Divorce Attorney For Small and Family Owned Businesses

The challenges of dividing marital property become much greater when a business is involved. For families with closely held businesses or couples in which one or both partners have an ownership interest in a business, the first important step is to understand whether it is a marital asset and, if so, its proper value.

At the law office of Kathryn L. Harry & Associates, P.C. divorce clients work with business valuators, CPAs, and other financial professionals to:

• Identify business assets
• Determine which assets are marital and which are non-marital. (Just because a business was owned before marriage does not mean it is non-marital property. If the business has increased in value during the marriage, a portion of that increase may be considered a marital contribution.)
• Establish the market value of the business entity and inventory
• Identify possible options for accessing or disposing of business assets and the possible tax consequences

Protecting Your Business – Protecting Your Financial Future

Profits from a business are typically crucial for both members of the couple to maintain their financial lifestyle. The attorneys at Kathryn L. Harry & Associates, P.C. work with clients to understand their options regarding the division of business assets and future management of the business.

When possible, they work to help the couple resolve these issues amicably through the use of alternative dispute resolution methods, such as mediation, negotiation or collaborative law. Among the benefits to be gained from these processes:

• Access to expert resources for business valuation
• Generally, a more timely resolution, which can be important to a business
• Privacy, which allows the decisions made regarding the business to be kept out of the public eye

Contact an Experienced DuPage County Property Division Attorney

Our skilled DuPage County divorce attorneys have more than 25 years of experience assisting in business valuation and the resolution of complex property division. You can trust Kathryn L. Harry & Associates, P.C. to provide you with a well-crafted property settlement agreement that takes both personal and business matters into consideration. If you are considering divorce and need sound legal guidance to understand your rights and options in valuing your business for purposes of property division, contact our office at 630-472-9700 for a free consultation, and to discuss the fair division of your marital property. We serve DuPage County, Elmhurst, Lombard, Hinsdale, Oak Brook, Burr Ridge, and surrounding areas.