There is no risk. I’d recommend getting another bank account and taking this money directly into that account. Some CAs might suggest an OPC, but avoid getting it under your name as this is a permanent public record.  
  
 The secondary bank account is because some companies (nobody with a good name) ask you for 2 months bank statement for “address proof” but it’s just a way to vet your transactions and see if you have additional sources of income.

No way will I give a company my bank statements that doesn't make any sense at all

Software Developer

Bigger companies don’t ask also. It’s always the mid-tier SBCs.

Software Engineer

I have a full time job as a data scientist and I am thinking of picking up few freelance projects parallely.   Apart from conflict of interest, I wanted to understand what are the risk, especially ...

Welcome to Personal Finance's Private Community

I have a full time job as a data scientist and I am thinking of picking up few freelance projects parallely. 

Apart from conflict of interest, I wanted to understand what are the risk, especially when I will joining a new company.

Freelance work apart alongwith full tume job

Data Scientist

Freelance work apart alongwith full tume job- Grapevine

Welcome to Software Engineers's Private Community

Don't tell me the Upwork or Fiverr because they are more crowded or tell me any other platform or any resource where you get good results for finding the freelancing projects.

Anyone can tell the right strategy to get Good Freelancing project??

Hello, I started working as SDE at a regular tech firm a few months back. Prior to that I wanted to get into freelancing, even did a few projects.

In the offer letter it's clearly stated that "shouldn't have any other interest in business" and talking around looks like they probably don't want us to have any other sources of income.

I feel confident in few skills that I can more on side, (not greedy need more financial stability)

My Questions
[1] Freelance platforms (fiver, upwork, etc) ask for pan, is it okay if I give my friends/family pan ?
[2] Should I register for a LLP on their name, use that pan everywhere and run the business myself ?
[3] Is it good idea to run it under an alias ?


Any advice / insight / experience would be highly appreciated 🙏

Freelance without company knowing?

Data engineer

Hi members,

Need your help in understanding future risk if I sign contract offer letter for a second job. I am full time working presently but due to sudden financial crisis caused by a business loss of my father I want to support him with extra income from secondary job,

I gave and cleared interview for US client .
The company is new setup and I thought I was offered a freelance role but now the company has shared a offer letter and the owner said he is ok with me submitting PAN Card of my wife/mother for salary to be credited . There is no PF account setup involved and has assured me there would be no conflict with my first job.

He is asking to sign offer letter and come into employment with him as he wants to start his company as a full fledged org starting with hiring freelancers.

Is it advisable to go ahead or is there risk of first job org coming to track it or the owner can blackmail me if he turns out to be fraud.
I know ethically wrong and this is my first time trying second job due to circumstances.
Please advise how to safeguard myself.

Is it safe to sign offer letter?

Welcome to Indian Startups's Private Community

I'm currently working on an FTE job - wherein the offer letter its mentioned "During the term of your employment with the Company, you may not engage in any employment or act in any way, which either conflicts with your duties and obligations to the Company, or is contrary to the policies or the interests of the Company."

Now, I'm getting enough time and I want to consider working in a 0-1 startup, and the new company I'm joining will know about my current employer - The above mentioned is the only clause the current employer have regarding working in other company. Can the current employer legally put a case anytime in the future if they get to know this? - what are the loopholes I can use here?

What position I can join in as (Consultant, Advisory role) - Still an early career professional in order to avoid conflict afterwards.

Thank you for your help!!

Needed quick Legal Advice - On Moonlighting

Product Manager

Welcome to IT Company Discussion's Private Community

Any thoughts on career transition from full time at big companies to freelancer? 

I have 5.7 years of exp of FSE. and would like to settle as freelancer in near future. 
I want to experiment this option for 1 year and if not succeeded is it okay to switch back to full time emp? Is it worth taking the risk considering my financial status? 

I see these are pros and cons
Pros:
Complete wfh.
Direct contact with clients no boss/manager

Cons:
Income will be effected if no project. 
Continuous search for projects. 
Risky. 

Any other pros and cons one can think of pls mention in the comments. I would definitely try this option for atleast one year.

Transition to Freelancer in India.

I know that at my firm you cannot freelance for your competitor. But not sure if it's allowed for others. Should I ask the HR/Mgr or do it silently on the sides? 

I'm pretty bored doing the same stuff. So thinking of doing some freelancing.

Also, I have never freelanced before. How do I find who wants to hire a freelancer? Are there specific points I should know about that will help in my search?

Google is full of generic s@#t advice. So asking here.

Do u share at your company that you do freelanceling?

Digital Marketing Manager

Hey folks, wanted to understand a couple of things from experienced folks here -

1. What does freelance consulting look like?
2. How to start working in freelance consulting(shadowing/independent projects for free/volunteering etc.)?
3. Are there any hard barriers to entry(YoE, MBA, T1 grad for example)?
4. What platforms should one use to obtain projects that pay decently well - 2-3 hours daily leading to ~30k earnings monthly? If this is an unrealistic expectation, how does the payscale build over time?
5. Any other insights/comments that would affect the decision to work on freelance consulting.

Thanks in advance!

Path to working freelance(consulting) sustainably

Analyst

What all should I know before getting into this?
Someone has approached me for part time work for them.

- should I and the person sign a contract? If yes, who prepares the contract and what should be it's contents?
- should any specific clauses be defined?
- should I take up upfront fees?
- how to handle them validating work is done or not?
- should I not keep it hourly? Should I define the fees based on the work done?

Contractual work / Freelancer- Questions

Consultant

Hey Guys ! Startup pmo here I have interviews lined up with few big tech companies , I have a small doubt do companies allow me where I can have a side hustle or take up parents business on the side 

Asking for myself any suggestions

Can I have a side hustle or freelance

Data Analyst

If I work at Accenture, is it is possible for me to freelance for other clients?

Question for Accenture people

UX/UI Designer

how many if you are doing a full time job along with freelance gigs 
how do you manage to take out time for freelancing

Job + freelancing

Was working at a startup, its shutting down and in the meanwhile I am building something on the side. To fund the startup I need cash and some specialised resources. 

Hence freelancing and working three extra Jobs

1 freelance 
1 full time pays half of my last full-time job
Another freelance project 

What are your thoughts,  some of the work I have outsourced to a reliable dev. 

I know this sounds crazy to some would you do this?

Moonlighting what are your thoughts!

Anyone here doing freelancing along with 9 to 5 jobs to earn extra bucks? Any tips on starting up? How much do you make? Is it worth it? Do you use company laptop? 

1.5+ years in day to day job here. Looking to learn new things by building and what better than getting paid for it. Debunk my myths if any.

Anyone doing freelancing along with job

As Software Engineers, it might be bit difficult starting out with first freelance gig or contract job.

I was able to secure one in college with about 50k/month for about 4months working as a back end engineer for an Indian SaaS company and international client.

Great learning and great pay for a newbie.

Also if you have a full time job and freelance gig. how do you juggle between both? Keeping in mind you also need to take personal time and time for fitness.

First freelance or contract gig?

I currently freelance but I've also got a full time job offer.

Can i continue taking freelance income in my salary account or should I avoid taking freelance income under my PAN and get that in maybe my parents account?

Freelance income in salary account?

Pre Sales

Welcome to Office Gossip's Private Community

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