Buying materials for my job through my own company?
March 10, 2014 2:28 PM Subscribe
I work for a medium size 40 employee company in a management capacity. I'm responsible for purchasing equipment and software. What sort of legal issues could arise from purchasing the equipment myself and reselling it to the company?
posted by dozo to Law & Government (10 answers total) 1 user marked this as a favorite
The company I work for has, until recently, not had an IT department on staff for many years. They have always overpaid hugely for their IT services, equipment and software. Since I came to work for them, they have consistently been shocked at how low the prices I find are, as well as the many things that I can just do that they used to pay for. Oftentimes I will find something for X dollars, which will please them and are happy to authorize, only to find it for even less money a short time later.
Now, this made me think. I could start my own supply company that would purchase items for the main company after marking them up a certain amount. The prices would still be incredibly lower than they used to pay and they would still be very happy. It's really just a surcharge for the years of experience I have in evaluating sources and acquiring equipment at great prices.
I don't need to know about the ethical implications, because the owner of the company does this exact thing (and worse) every day and I don't feel that there is anything wrong with putting a price on the effort I've put into being good at what I do. I understand that yes, I would most likely be fired for the egregious crime of capitalism if I was found. I'm not very happy with the job so that's a minor risk at worst. I would, of course, start the supply business in earnest, filing with the state and doing all that is legally required. My question is what, if any, are the legal reasons not to do this? As an uncontracted W2 employee, is there anything more than termination that they could pursue?