How to Divorce-Proof Your Startup

Episode 50 of the We Live to Build podcast, hosted by Sean Weisbrot, titled "How to Divorce-Proof Your Startup" was published on April 12, 2021 and runs 34 minutes.

April 12, 2021 ·34m · We Live to Build

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Summary

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/reviewHow I Made $15M: https://welivetobuild.com/networkSubscribe on YouTube: https://youtube.com/@seanweisbrotFollow Sean on LinkedIn: https://linkedin.com/in/seanweisbrot Hosted on Acast. See acast.com/privacy for more information.

Episode Description

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.com

Book a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory

👀 CONNECT WITH SEAN

Subscribe: https://www.youtube.com/@seanweisbrot

LinkedIn: https://linkedin.com/in/seanweisbrot

Inquiries: [email protected]

🕒 CHAPTERS

00:00 - The Legal Mistake That Can Haunt You for 10 Years

02:11 - 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 Startup

10:14 - Shareholder Agreements: Limiting Investor Control

16:48 - The Real Reason VCs Won't Sign Your NDA

20:19 - Employment agreements

22:22 - Employee Share Option Plan

26:08 - 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.ai

Leave a Review (it truly helps us grow): https://welivetobuild.com/review

How I Made $15M: https://welivetobuild.com/network

Subscribe on YouTube: https://youtube.com/@seanweisbrot

Follow Sean on LinkedIn: https://linkedin.com/in/seanweisbrot

Hosted on Acast. See acast.com/privacy for more information.

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