Can we start business while being employeed?

Can we start business while being employeed? Are there any legal obligations for starting a business while being employeed? ANSWER TO THE ABOVE QUESTION Well it depends on the company with which you are employeed. Just check the terms and conditions of the company for their employees. Some companies have a clause which say that you cannot own any other business/be employeed anywhere else while being employeed with them. Best to check out with the FInance or HR team in your company. Well my company does alow owning a business while being employeed.