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Subject Expert
The risk is the “weighing in” on legal issues and coordinating with outside counsel. Why do that? At some point, the line between acting as an owner and acting as the company’s lawyer will become blurry, and you’re not formally engaged as counsel.
Coach
Don’t do this.
Enthusiast
F
Mentor
There won’t be any conflicts… until there are.
Do not do it.
Lots. None end well.