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Working in PSU can i start a private company while already working


14-Mar-2023 (In Labour & Service Law)

sir , i have been working in a PSU as an executive for 4.5 years, my 5 year bond will be over on august 2016. i was planning to start my own private business(all finances and business plans are ready) while still working at the PSU full time. what are the complications involved? is a LLP company better over a pvt ltd company for early startups?

Answers (1)

Answer #1
733 votes
Are you asking whether there are complications in starting your business? Well, of course, there are always complications involved in starting your business. With regard to deciding on an Limited Liability Partnership (LLP) or a Private Limited Company (Pvt Ltd), I would always advise on starting a Private Limited Company, as the process is more established, and it is easier to transfer shares in a Private Limited company, which is something you would have to do in case your startup receives investor funding.
Advocate Shayak Chakraborty

Adv. Shayak Chakraborty

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