Some professionals are regularly presented with the opportunity to engage in business ventures with their clients. Whether the professional is retained to review an investment opportunity for a client, provides advice regarding a client’s business, or invites a client to invest in a new venture, professionals may occasionally find themselves transitioning from the role of advisor, into that of a business partner. However, blurring the line between professional advisor and partner can easily lead to ethics violations and civil liability.
Consider this example. In In …
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