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Can I start a one person company without leaving my job?


22-Aug-2023 (In Startup Law)
I am working professional and paying income tax, I want to start a one person company, can I do that without leaving my job.
Answers (3)

Answer #1
855 votes
Yes you can have a one person company of your own without leaving your current job. All you have to take care is - 1. You going independent with a OPC (One Person Company) do not hamper your desk job. This means, you should be diligent and efficient in your job despite having a OPC of your own. 2. You should not try to compete your current organization with the help of this OPC nor shall try to poach any client or employee from your current employer. 3. You should not try to take any tender or contract from your current employer by the help of your OPC. 4. Try to do business in other domain from your current employer by the help of this OPC.
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Advocate Pulkit Prakash

Adv. Pulkit Prakash

LawRato Delhi | 400+ Answers
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Answer #2
606 votes
It may be a problem and conflict with your current job if you get into a full time business. Are you in govt. job or private? What kind of employment contract have you signed with your employer? Is there a bond?
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Advocate Joydeep Nath

Adv. Joydeep Nath

LawRatoDelhi | 100+ Answers
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Answer #3
826 votes
yes you most definately can start a one person company without leaving your present job provided that there is no clause in your employee agreement that debars you from such a practice. Acertain this with your current employer and then you may register your one person company. All the best.
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Advocate Palak Nenwani

Adv. Palak Nenwani

LawRatoDelhi | 100+ Answers
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