Preexisting agreements with your employer could cause legal problems for your new business. If you’re considering starting a business while maintaining your current job, you may want to discuss your new business plans with an attorney. If you signed a Non-compete and/or Agreement that the Company owns any IP created during your employment or as a contractor/client Work for Hire IP Ownership you need to carefully read the agreements and you may wish to consult an attorney prior to starting a new business to be sure you are not violating these agreements.