I have a problem connected to Model Rule 1.7, 1.8, 1.10, 1.11, 1.12 and conflict waiver maybe. If anyonce can answer and explain the question, I will be very appreciated.

Events similar to these occurred in Rhode Island. Ten years ago, you successfully defended Jose Lopez against a misdemeanor charge. As a result, the two of you became friends. You have never represented him on a legal matter since then, and he has never paid you any money since that time, although from time to time, you have given him advice about buying and selling property. A few months ago, Lopez, who is expert in appliance repair, decided to set up his own appliance repair company, and he asked you to help him in various ways. Together, you found a suitable building, which is the only asset owned by the 1404 Forest Street Corporation(Forest). That corporation is owned by Pasha Harari (she owns all 100 shares).You are planning to make the following arrangements:You will provide $25,000 in start-up money to buy all of the stock in the corporation from Harari. Lopez will put up only a small amount of money, but he will work full-time running the company. You expect to own 20 percent of the company, and Lopez will own 80 percent.When you pay the money to Harari, you will have her transfer 80 shares of Forest to Lopez and 20 shares to yourself.

You and Lopez have agreed orally that Lopez will get another lawyer to represent him in connection with the purchase of the stock from Harari, but you will prepare the relevant documents. Lopez will serve as the president and sole director of Forest. You will serve as its general counsel and will handle its legal matters. You will be paid a salary. You would prefer to enter into these arrangements without having to make a lot of disclosures to Lopez. He gets nervous about complicated legal information, so if you go overboard on disclo-sure, he might back out of this deal with you.

Question: What, if any, warnings or disclosures do you have to give to Lopez?