What Happens to Your Small Business in an Illinois Divorce?

On behalf of Michael J. Smith, Attorney at Law, LLC
Mar 10,2021

When a small business must be considered during the division of property in a divorce, we understand the challenge the situation entails. Before the division of property in an Illinois divorce, “marital” and “non-marital” property must be distinguished from each other.

Sometimes, throughout the course of a marriage, a spouse may be added as an additional business owner, complicating which of these two categories your small business falls under. In such cases, we are skilled in crafting solutions that can preserve the value and integrity of the business so that it can continue to benefit you.

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