Depends on the game.
If it's no midshoe entry, the answer is obvious. Sit down at the start, and leave if the count goes negative.
If you are permitted to come and go, it depends on bet level, crowds, tolerance of the casino, etc. Some places, I backcount until it's positive, then sit down and play. If crowded, there's nothing worse then getting ready to jump in, and the last seat gets taken, just as you're ready to move. In that case, sit down when the shoe starts, and again, depending on what the casino tolerates, you may be able to just sit at the table and skip some hands if it goes negative, then come back in when you're ready.
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