The Situation and Facts:

You work as a legal assistance for Brat Law, LLP$.$

Your supervising attorney, Buster Brat, is seeking your guidance to avoid any conflicts of interest associated with acquiring an ownership interest in a client's business, Colorado Hammock, LLC$.$

Chris Sawyer is the entrepreneur who created the start$-$up company, Colorado Hammock, LLC and has approached your Attorney, Buster Brat, requesting

that Mr$.$ Brat serve as house counsel for Colorado Hammock, and

as part of the compensation Attorney Brat receive units of ownership in Colorado Hammock.

The Question$($s$)$:

Can Buster serve as in$-$house$-$counsel for Colorado Hammock?

As part of the compensation can Buster Brat receive units of ownership?

What model rules of professional conduct will you apply to this scenario?

What steps must Buster Brat take to avoid conflicts between the client's interests and his personal economic interests as an owner?

How does this change the relationship between Buster and Brat Law, LLP$?$