Let’s say you’re employed and you dream of starting a business, and there’s a pesky non-compete agreement with your current or former employer.  What should you do?

Non-compete agreements are for businesses who want to protect themselves from their employees.  If you want to start your own business without jeopardizing your full-time income, please consider these suggestions:

• Look at your industry and consider what services or products, or customers, that your current employer doesn’t serve.  Each business ignores a market segment, deliberate or otherwise.  If you seek to serve a market segment your employer chooses to ignore, there’s nothing wrong with doing that.
• If your employer simply doesn’t like serving certain geographic areas, certain groups, or certain areas of the industry, then that’s your opportunity to start a business.  Since he’s not serving them and not interested, that translates to opportunity for your small business.
• Pay attention to the business your employer decides to neglect, or avoid.  It’s possible that there’s not enough business for a large operation to make it worth their effort, but it may be enough of a substantial income to make you happy as self-employed.
• Email yourself suggestions throughout the day to keep the ideas flowing.
• Pay attention to the business your employer decides to neglect, or avoid.  It’s possible that there’s not enough business for a large operation to make it worth their effort, but it may be enough of a substantial income to make you happy as self-employed.
• Email yourself suggestions throughout the day to keep the ideas flowing.
• Pay yourself first.  Wake up early, around 4 am and contribute to your long term goals, before you go to your full time job.  Carve out some early time during the weekend.
• Start websites with a long term goal.  An aged website carries online clout.  Combine that with an aged shelf corporation or aged shelf LLC, and you’re in business with an advantage.
• Put together a one year plan, three year plan and five year plan.
• Consider the products and services that may be provided or delivered during non-traditional hours.
• Start as soon as possible.  Start even when you think you’re not ready.
  • Wyoming is probably far enough from your current employer.  Usually non-compete agreements are geographically specific from 50 to 100 miles from a certain location or from your residence.
  • Set up the Wyoming corporation or LLC while your employed, but place someone else’s name on the company.  Use a virtual office address instead of your own address.Start a company and keep the expenses low.  File it in Wyoming for the following key reasons:

• • What’s the best way to handle this?
    • Start a business online.  This avoids the geographic limitation of non-compete agreements.  Usually, non-competes are limited to fifty (50) miles from your home or from you’re employer’s address, or both.  You can start your business online by doing business in every state except the state where you live, or where your employer is located near you.
    • Include the language on your invoices, receipts, sales agreements, and estimates, “All sales are approved in Wyoming.  All disputes are handled in Wyoming.  We do not sell to customers in the state of (where you are located).”
    • Incorporate in Wyoming.  The State of Wyoming doesn’t require reporting on the owners of the company.  They don’t ask unless the business owner does something against the law.   We incorporate your Wyoming corporation or Wyoming LLC for $400.  It includes:
      • Custom prepared the filed articles of incorporation for maximum asset protection
      • Wyoming state filing fee paid
      • Registered agent service
      • Bylaws/operating agreement that protects the presence of the company in Wyoming and that maximizes asset protection.
    • Use our company address as your business address for $200 per year.
      • 109 EAST 17TH STREET, SUITE 25, CHEYENNE WY 82001
    • Use our Contract Officer service for $250-$500 per year.
      • On the public record your name will not be seen.  We will provide you with a company Director, President, Vice President, Treasurer and Secretary.  One person can fill all positions and we provide that person to keep you off the public record.
      • In the meantime, run your company as you see fit.  You own it and control it.  You pay the taxes and you’re the signer on the tax return.  The company is all yours.  You derive full benefit, control and responsibility for the company.  We offer a stand-in for the public record to give you time to learn the business you’re starting.
      • There’s no reason why you can’t build your business where you are right now.  Don’t worry about your employer finding out about your side business.  As long as you’re not ripping off your employer, there’s no reason to check or to file a legal claim.  Build your dream with the time and resources you have available to you; right now and today.
    • Need a boost with a new business?
      • Start with an aged shelf company.  If you started a business that was ten years old, this is an enormous boost in developing credibility and rapport with your customers.  People want to feel safe doing business with you.  We offer twelve (12) year old shelf companies for $2295, and five (5) year old companies for $1500.
      • Obtain a phone line through phone.com for VOIP lines.  A better option is to obtain a hard telephone line with a Wyoming 307 area code through CenturyLink.com.  Ask for a Market Expansion Line.  The line is installed at the telephone company and calls are forwarded to your cell phone.
      • Utilize a street address in Wyoming for $200 to $400 per year.
    • There’s no reason for your current employer to look at what you’re doing as long as you’re not stealing customers, and you’re doing right by the employer during work time.  Start your business today with a Wyoming corporation or Wyoming LLC, and maintain privacy from the public record.