IMNAL but... > Keep personal expenses out of your company books. Is likely the most important advice in this piece. If you only take the compensation you agr

IMNAL but... > Keep personal expenses out of your company books. Is likely the most important advice in this piece. If you only take the compensation you agree with your investors/board to take, and you never pass unrelated expenses back to your entity, you will at least appear to be acting morally. The second you start commingling funds, is the second you enter a period of extreme risk. Never commingle investor funds with personal funds and avoid spending on things that you 'justify' as a business expense if they benefit you personally in anyway. I have a feeling we are about to read about more cases like this one. America is in full startup fever right now and people will act immorally when they realize that success is out of their grasp.