{"id":11282,"date":"2019-01-07T08:00:37","date_gmt":"2019-01-07T14:00:37","guid":{"rendered":"https:\/\/www.lexingtonlaw.com\/blog\/?p=11282"},"modified":"2023-02-22T13:57:08","modified_gmt":"2023-02-22T19:57:08","slug":"legal-side-hustle","status":"publish","type":"post","link":"https:\/\/www.lexingtonlaw.com\/blog\/life-events\/legal-side-hustle.html","title":{"rendered":"6 Steps to Avoiding Legal Disaster with Your Side Hustle"},"content":{"rendered":"\n
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Side hustles are having a moment. A recent Bankrate.com study<\/a> found 37% of Americans of a side hustle, including more than half of Millennials. Upwork found that in the last five years, the freelance workforce grew 5%<\/a> faster than the non-freelance workforce in the US. Why the precipitous rise? For one, wages are stagnant, meaning one job is often not enough income. Technology has also made it easier to find and create alternate sources for money.<\/p>\n\n\n\n

A side hustle can help with financial security. It can provide career growth. It can even turn into an extremely successful business<\/a>. Whether you\u2019re joining the gig economy, working on a passion project, or starting a side business you want your side hustle to succeed. But with great hustle, comes great responsibility. There are legal considerations you should take into account. From employment contracts to taxes there are a number of problems that can arise. Think you have nothing to worry about? Recently, 6 people were indicted<\/a> for stealing trade secrets from their previous employer.<\/p>\n\n\n\n

Don\u2019t run afoul of your day-job employer, local laws, or the IRS. Before you get started on that billion dollar idea (Uber for Dogs is already taken<\/a>), check out our guide to making sure your side hustle doesn\u2019t put you on the wrong side of the law.<\/p>\n\n\n\n

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