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Post on Medial

Anonymous

Stealth • 24d

Dear all, Seeking your supportive input. I plan to start a software solutions LLP alongside my current job (I can not leave it as I am the sole earner in family but require to start planning for a better future alongside down the yeara). I do not shy away from the x% of hardwork required in the journey but want to know from the experienced people here - 1. % of trouble I might run into legally if i keep it hidden and my product/services starts making money? 2.Kind of conflict I might face from current company or future company in case they really get aware of my side business? 3.From people into freelancing - how do you guys manage the finance part (i.e., the money you receive from the client : does it cause any problem to company via your PAN association or so??) Point 3 might not be that clear, but I hope you got the picture: just that whatever money we get from freelancing - any way our organization to know that we are doing so? I thank you for your time, input, and support.

11 replies6 likes

Replies (11)

Hathoda Tyagi

Stealth • 24d

Do not start LLP on your name. Do not share your this plan with your any of the office colleague. Info leak will happen. If you don't collect any kinda of money from your LLP on your name, it's impossible to track. So collect money on your wife's name (if married), mother, father. etc.

1 replies2 likes

Anonymous 6

Stealth • 24d

Going stealth mode could be risky. If your current company has strict policies, they might see it as a conflict of interest, especially if your business grows but the goal is to grow it enough to be able to quit your job so go for it.

0 replies1 like

Anonymous 5

Stealth • 24d

Whatever you do, avoid using your current job’s resources or time for your side business. If they find out, they can use that against you. Keeping everything separate is key, especially when it comes to client communication

0 replies

Anonymous 4

Stealth • 24d

Just be mindful of any non-compete clauses and keep good records; that’ll help with the legal stuff

1 replies1 like

Anonymous 3

Stealth • 24d

if your company has a strict policy on this, I’d recommend being transparent. Sometimes companies are okay with side businesses as long as it doesn’t interfere with work.

0 replies1 like

Anonymous 2

Stealth • 24d

Great initiative. Balancing your job with a side business is tough but possible

1 replies1 like

Anonymous 1

Stealth • 24d

I've been in a similar situation. Legally, you’re in a gray area if your company has a policy against side businesses. If your employer finds out, they could see it as a conflict of interest, even if you’re not in direct competition. But if you’re careful and keep things separate, it can be manageable

1 replies1 like

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