Always retain your own counsel. Regardless of your equity position or if the business has counsel giving you advice. If you have the ability to make material d

Always retain your own counsel. Regardless of your equity position or if the business has counsel giving you advice. If you have the ability to make material discussions ( vote yes or not ) this should be one rule you never break or even slightly bend for that matter. [EDIT] Furthermore, if you are under the impression that your employment / involvement with the company is to result in some form of equity compensation spend the $750 for an hour of a solid business / securities attorney's time to confirm this fact. These agreements are getting more complicated by the day.