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: welivetobuild@gmail.com
🕒 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
â–¶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory
â–¶ Sponsor the Channel: https://www.welivetobuild.com/collaborate
â–¶ My AI/Automation Agency: https://optimai.ai
Hosted on Acast. See acast.com/privacy for more information.
