I plan to start my own business while working full-time for, let's say "Sony Walkman". I would like to sell aftermarket accessories to my current "Sony Walkman" client base.
I would do this indirectly: 1) I would never advertise to "Sony Walkman" that I own this side-business,2) My spouse would run the day to day operations, and sales for this new business(the public side),3) I would solely be a "silent partner" so to speak- possibly "guiding" my side-business to my current "Sony Walkman" clients.
What risks would I be taking? Am I risking termination or litigation from "Sony Walkman"?
Note: OEM accessories for "Sony Walkman" account for approximately 5% of their revenue. "Sony Walkman" has not made any formal expectations (in writing, or in the form of a quota), to sell "Sony Walkman" OEM accessories. In fact, it is widely known through out the office that 95% of "Sony Walkman's" sales representatives sell these aftermarket accessories to their current "Sony" clients for their own personal gain, under the counter (illegally). It's almost approached by everyone at "Sony" as "one of the secret perks of the job".
I don't want to do this illegally (according to the IRS)-Please help