For owners and shareholders of midsize Illinois companies, a business divorce — the legal process of separating one or more owners from the business while keeping the company operational — is one of the most financially and emotionally consequential decisions many business owners will ever make. Done poorly, a business divorce can destabilize a company, trigger litigation, and leave everyone worse off. Done well, it can allow one owner to exit fairly while the business moves forward intact. In 2026, Illinois business law gives business owners tools to create a […]