Get a good lawyer to write up the agreement. It'll hold up in court. Specify in the agreement that disputes will be done through arbitration (saves time and legal fees).
Your CA lawyer can advise best, but you may even want to try a Delaware company for the setup since their courts are efficient and very business-friendly.
Your CA lawyer can advise best, but you may even want to try a Delaware company for the setup since their courts are efficient and very business-friendly.