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Registering new business, will current employer know this?

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  • 30-04-2014 10:56pm
    #1
    mark_eire
    Registered Users Posts: 24 ✭


    I'm in the process of setting up as a sole trader,
    I am currently employed but will be leaving my job in the next month to go fulltime in the new venture,
    My question is, if I register my company online will my employer know this or be notified by revenue about it?
    I don't want my life to be made hell for the last few week's if he know's I will be leaving soon!!


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    #2
    lakill Farm
    Registered Users Posts: 4,735 ✭✭✭lakill Farm


    mark_eire wrote: »
    I'm in the process of setting up as a sole trader,
    I am currently employed but will be leaving my job in the next month to go fulltime in the new venture,
    My question is, if I register my company online will my employer know this or be notified by revenue about it?
    I don't want my life to be made hell for the last few week's if he know's I will be leaving soon!!

    are u registering the business as a sole trader/ partnership or a limited company where u will be a director?


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    #3
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    mark_eire wrote: »
    I'm in the process of setting up as a sole trader,
    I am currently employed but will be leaving my job in the next month to go fulltime in the new venture,
    My question is, if I register my company online will my employer know this or be notified by revenue about it?
    I don't want my life to be made hell for the last few week's if he know's I will be leaving soon!!

    Unless he is clairvoyant no he won't know


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    #4
    dbran
    Registered Users Posts: 2,094 ✭✭✭dbran


    Hi

    He is unlikely to find out unless you are indiscreet ie use work time to set it up, send emails from work machines, blab to a work collegue, advertise the business etc.

    dbran


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    #5
    Peterdalkey
    Closed Accounts Posts: 2,091 ✭✭✭Peterdalkey


    Does your contract of employment permit/forbid you to carry on a private business? If you are in any way in competition with your employer, you are in very dangerous ground regarding your work position. The acid test: why WOULD YOU NOT WANT YOUR MAIN EMPLOYER TO KNOW?


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    #6
    lakill Farm
    Registered Users Posts: 4,735 ✭✭✭lakill Farm


    if your the director of a limited company the next tax credits will be issued

    if as a sole trader should be no tell tail signs


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    #7
    mark_eire
    Registered Users Posts: 24 ✭mark_eire


    Cheer's thanks,

    There is no reason why I don't want him to know other than the fact I will be leaving here in the next month to go solo,
    I'm his only employee and he put's a lot of pressure and relies on me a lot,
    My work life will be unbearable for the coming month until I leave if he was to find out, I wasn't sure if me registering a business would change things tax wise and he would know that way.
    Anyway, thanks for clearing it up!


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    #8
    lakill Farm
    Registered Users Posts: 4,735 ✭✭✭lakill Farm


    Best of luck

    If you ever need advice on bookkeeping, tax or accounts drop me a PM


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