Hi, I’ve been working as an executive in a public sector company for 4 years and 6 months. My 5-year bond ends in August 2016. I’m planning to start my own business (everything’s in place) while still working full-time. What challenges could I face? Would an LLP be a better choice than a Private Limited company for a new venture?

Under Indian law, your employment contract likely has a clause prohibiting moonlighting or engaging in outside business activities. You could face disciplinary action or termination for breaching this clause. An LLP may be a better choice for your new venture as it offers limited liability and flexible ownership structure compared to a Private Limited company, but you should consult with a legal professional to ensure compliance with your employment contract and to assess the best legal structure for your specific situation.