Starting A Business Legally
Summary
Starting a business while employed may conflict with company policies or contracts, especially regarding moonlighting or non-compete clauses. Its important to review your employment agreement and company policies to ensure compliance. Disclosure to your employer might be necessary. For registering a company in Tamil Nadu, choose a business structure, register with the Ministry of Corporate Affairs, obtain GST registration if applicable, and consider trademark registration for brand protection. Consulting with a lawyer for specific legal advice is recommended.Full Conversation
will this be a compliance issue
Starting a business while being employed can raise compliance issues if it conflicts with company policies or employment contracts. Here are some points to consider:
- Employment Contract: Check for clauses related to moonlighting or non-compete agreements.
- Company Policies: Review any policies about employees owning businesses.
- Disclosure: Disclosing the venture to the employer may be necessary.
For further clarification, consulting with a lawyer would be advisable. Would you like to connect with a local lawyer for detailed advice?