Courtney ∙ Clark Law, P.C.Courtney ∙ Clark Law, P.C.
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The challenges of divorce as a self-employed business owner

Anyone who is self-employed might find that life's ups and downs could affect the business operation and its clients. Divorce is one of the events that could be legally, financially and emotionally challenging. Considering certain aspects before filing for divorce in Illinois might limit the negative impact.

The dynamics of each marriage are unique, and looking at the pros and cons of the various options might be the best place to start. The possibilities include litigation, uncontested divorce, legal separation, collaborative or mediated divorce. Couples who can sit down and negotiate a settlement agreement might be able to avoid the courtroom trauma of litigated divorces.

When it comes to property division, the self-employed spouse will have to identify all the marital property that is essential for his or her business operation and then negotiate to keep that property -- even if it is in exchange for other assets. Separating personal and business funds could also present problems if any part of it was commingled during the marriage. A clear distinction between shared and business property must be made.

Any self-employed entrepreneur might have concerns about navigating a divorce without ruining his or her business; however, he or she might find comfort in knowing that legal counsel is available. The support and guidance of an experienced Illinois divorce attorney can ease the entire process. A lawyer can answer questions, explain options and assist during negotiations, and if necessary, handle the court proceedings if the choice is to litigate. With the help of legal counsel, the best options can be identified to protect the client's personal and business interests.

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Courtney ∙ Clark Law, P.C.
104 South Charles Street
Belleville, IL 62220

Toll Free: 866-921-8767
Phone: 618-207-3458
Fax: 618-234-8028
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