Closely-held corporations, partnerships, and LLCs often require shareholders and partners to provide the business with a prenuptial agreement. Businesses are incredibly valuable financial assets and dividing them under a divorce can be exceedingly complicated and expensive. These mandatory prenuptial agreements are used to protect the operations of the business from the personal issues of its individual shareholders or partners. Divorce and business do not mix Businesses are run by people, … [Read more...]
Archives for August 2016
Divorce with Children Requires a Parenting Class in Illinois
Couples with children who want to get divorced in Illinois are required to take a parenting class, even if the divorce is uncontested. The class can be arranged through the parents or through a family law attorney who is handling the divorce. (Article continues below Infographic) What are Class Requirements? The Illinois Supreme Court requires a parenting class for all couples with children who file for a divorce in the state of Illinois. Regardless of divorce circumstances or … [Read more...]