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Posted on in Division of Assets

divorce and shared business, Naperville IL divorce lawyerIt can be hard enough to deal with divorce when emotions are high, changes happen quickly, and you feel overwhelmed or stressed. If you and your spouse share a company, however, things become even trickier.

Many married couples start businesses together. Having a co-worker or partner that you can trust and rely on can be amazing, and many couples have seen extreme success with their shared business ventures. Unfortunately, nearly half of all first marriages end in divorce in the U.S., with an even higher chance of divorce for second marriages. It is no surprise that many couples each year face the challenge of divorcing and dealing with a shared business. There is no correct answer to handling your shared business. You may choose to split your business, sell it, or be able to continue to work together amicably enough. No matter the outcome, you will need some help through the separation process.

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