Operating as a sole proprietor vs contract employee or employee
July 21st, 2005 by Questions
The BIA states that \”I must disclose that I am an undischarged bankrupt when I carry on a business and accept deposit for work to be done in that business\”. In relation to this statement, please confirm the following:
a) While I am an undischarged bankrupt operating as a sole proprietor under my own name, do I need to inform potential clients that I am an undischarged bankrupt (e.g. in the RFP or Expression of Interest Letter?
b) I already have some contract work at the local college whereby I will be getting paid as a part-time faculty member through their payroll department. Do I need to inform the college?
c) I am currently looking for work as an employee (versus contract employee versus sole proprietor). Assuming I found work as a corporate trainer or manager of customer service, do I advise my new employer that I am an undischarged bankrupt?