How to Divorce-Proof Your Startup

Do you know How to Divorce-Proof Your Startup? A co-founder's divorce can destroy your company, and a lawsuit between founders after a business fails can be "worse than any divorce you've ever seen". In this interview, Silicon Valley lawyer Cassady Toles reveals his best-case scenario for protecting your company: write the founders' spouses into the operating agreement and have them sign for a specific percentage from day one. Learn why this is crucial in community property states like California , and get other critical legal advice on co-founder agreements, NDAs, and why you shouldn't incorporate in Delaware yet. Check out the company: https://flatratelaw.comBook a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory👀 CONNECT WITH SEANSubscribe: https://www.youtube.com/@seanweisbrotLinkedIn: https://linkedin.com/in/seanweisbrotInquiries: [email protected]🕒 CHAPTERS00:00 - The Legal Mistake That Can Haunt You for 10 Years02:11 - A Lawyer's Warning: Don't Incorporate in Delaware (Yet) 05:58 - The #1 Thing Your Co-Founder Agreement is Missing 09:04 - How to Divorce-Proof Your Startup10:14 - Shareholder Agreements: Limiting Investor Control 16:48 - The Real Reason VCs Won't Sign Your NDA 20:19 - Employment agreements22:22 - Employee Share Option Plan26:08 - How to Hire a Startup Lawyer (And Avoid Getting Ripped Off) 📈 WORK WITH ME▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate▶ My AI/Automation Agency: https://optimai.aiLeave a Review (it truly helps us grow): https://welivetobuild.com/review Hosted on Acast. See acast.com/privacy for more information.