Side hustles have become increasingly common in the world today. These side gigs can provide much needed financial security to individuals and families. Side hustles range from freelance work to uber driving, or from real estate to crafts and artwork. Some people may not be aware of regulations and laws associated with their side hustle. Others may wonder if it is necessary to reveal any side hustle(s) to their primary employer. These are important questions to address before diving headfirst into a new gig!
Laws pertaining to side hustles can vary from state to state. Employees that have signed non-disclosure agreements may be obligated to report a side hustle to their primary employer. This typically applies when a secondary job has the potential to interfere with or expose information associated with their primary employment. In some states, employers do have the right to ask about an employee’s side hustle, but there are restrictions to respect the privacy of employees. Furthermore, many states have enacted laws that prohibit employers from acting against employees engaging in legal secondary employment. Employees have the right to this protection and privacy, assuming their secondary employment does not interfere with their primary work.
It is important to remember that side hustles also come with tax obligations. Understanding taxes and reporting requirements associated with a side hustle is essential. Failing to comply with tax obligations can be disastrous. If you have questions about laws and regulations associated with side hustles, it is best to seek legal guidance. A knowledgeable attorney can alleviate any concerns and ensure that your side hustle complies with state and federal laws.
