I would like to hear your opinions and advice regards to my below concerns, I hope that people who already tackled alike situations like mine will be kind enough to share their thought. thank you in advance.
I am currently working as a full time employee. I have a friend that offered me to join on his plan of putting up a stock corporation as one of its investors/stockholders/incoporators.
Also, I will be doing a job that is really the same to what my job here in my present employer.
I do not know if I will doing something wrong according to the law of court about conflict of interest, or if this is considered as a double job in the event I will agree to my friend along with its consequences.
I do not want to resign yet in my existing job as the corporation also will be starting from scratch. meaning to say that there will be no compensation yet. We are 5 persons in total. Each one of us has its role.
I am thinking that I might do conflict of interest since the nature of the corporation my friend wants to put up is somehow the same as the nature of the company where i am employed.
But, upon reasearch, I saw about non-compete and non-disclosure which I do not sign here in my present employer.
I'd like to know if not signing anything like that, would I be free of any legal charges in the event that I joined my friend?
Hopin for your support!