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 propertyHow business valuation works and the three common approaches experts useHandling discovery for business finances and keeping records cleanOptions for dividing or retaining a business, from buyouts to asset offsetsSpecial considerations for family-owned companies and the role of prenupsValuing “owner-dependent” businesses where the work relies entirely on one personWhy a collaborative, non-emotional approach is critical when a business is involvedDisclaimer: 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: [email protected] If you found this episode helpful, be sure to subscribe, rate, and review to help others going through the divorce process.

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