Starting a company while working for another employer

Hi,

Analyse the connection of main object of your proposed law firm with your existing company's objects. If both of them resembles then it may cause some future problems.

And if you find no connection then just go ahead.

Views of other learned members solicited.

Regards  

As suggested by Mr Garg, the proposed objects with which the company is being incorporated should not collide with the terms of your employment agreement, if there is no such hitch you can go ahead with the incorporation.

Hi Mr.Garg & Mr.Vishal,

thanks for the reply.

by the way the nature of business of current employer belongs to IT related domain and am entering into new engagement which is going to deal with legal solution provider. So by looking there is no connection. So shall i consider this is safe move?

Yes Mr. Suresh You may go ahead...

Yes you may go ahead, but take care that you are not a wholetime director in the proposed company.

Mr.Vishal, it's a good point. but how to differentialte the timings . whole time/ parttime in new engagement legally.

Wholetime director's post is a executive post. There is no part time director, but you can designate as a non executive director. There is no such thing as timings but convienence as you own the company.

Also, make sure if you have any non-slolicit provision. If you have any non-solicit provision then you are restrcited to solicit the clients of the employer and you can not solicit the employees of the employer with which you have employment agreement.

is there only one concerned that IT and Legal field are different  therefore he can start his company as legal adviser.

what will happen if employee gives legal advise to client who are compititors, having litigation against  company knowingly or unknowingly,

Suresh,

Your offer letter in the current organization should be guiding this. Your efforts in the new company that you are forming should not be unduly jeopardizing with the contributions to your current employer. Besides this, if the new company is trying to compete with your current employer or take benefits, it might be a violation of your employment agreements with your current employer.