Candace Meyers explains why a business owner should consider entering into a prenuptial agreement in Illinois:
Yes. If you are a business owner and you’re about to get married, you want to include your business in the prenuptial agreement. Not only should the business owner include his or her existing business, but a prudent business owner will include any potential future business ventures and ideas for possible subsidiaries or expansions of the existing business. For example, a restaurateur should consider including any future restaurants; kitchen gadgets, food items or other extensions of the business entity as a protected venture.
Read more about prenuptial agreements:
- What are the requirements for a prenuptial agreement in Illinois?
- Why prenuptial agreements should not be overly harsh
- Prenuptial agreements and estate planning
Watch more video FAQs about postnuptial and prenuptial agreements: