FrequentBias
FrequentBias

Freelance work apart alongwith full tume job

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.

5mo ago
r10a
r10a

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.

FindingHorses
FindingHorses

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

r10a
r10a

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

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