Once you've found the right co-founder, it's essential to formalize the relationship. Here are some steps to take:
Co-Founder Agreement: Draft a co-founder agreement that outlines roles, responsibilities, equity distribution, decision-making processes, and exit strategies. Legal Structure: Choose an appropriate business structure and register the company accordingly. Equity Split: Agree on how equity will be divided. It should reflect the contributions and value each co-founder brings to the table. Intellectual Property: Ensure that any intellectual property created is owned by the company and not by individuals.