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Author Topic: My business partner is working in a company of the same industry as an employee  (Read 497 times)

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Offline gpathak

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Hi,

I started an LLP firm a year back. There are two partners in this firm, me and the other one. But the other partner is still working with his previous company as an employee and he hasn't resigned from his company to focus on our firm full time. I asked him umpteen times but he's just deferring. That company and our firm both are from the same industry. Am I or my firm is in risk?  Please suggest.  :-\

Offline riteshmaity

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Hi,

I started an LLP firm a year back. There are two partners in this firm, me and the other one. But the other partner is still working with his previous company as an employee and he hasn't resigned from his company to focus on our firm full time. I asked him umpteen times but he's just deferring. That company and our firm both are from the same industry. Am I or my firm is in risk?  Please suggest.  :-\

More than you, your partner who is also working in a similar industry is at risk of being charged under dual employment which is illegal in the eye of law.
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