The Dos and Don’ts of Starting a Side Business

While starting a side business can be exciting, it is critical that you take some proactive steps to avoid getting in trouble with your employer

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By Romesh Hettiarachchi

Running a business may seem exciting—especially if that business is built around the things you are most passionate about. After all, who can say no to extra money?

However, running a business comes with risks—risks that are greater if you want to run a successful side business while being employed. Here are some of the legal issues you may want to consider as you build your new enterprise.

Don’t Ignore Your Employment Obligations

Your employer will likely have asked you to sign an employment agreement when you started your job. This employment agreement describes the legal obligations you owe to your employer while employed. The obligations stated in your employment agreement will dictate your ability to operate a side business and what you can and can’t do while operating a side business.