I have read through these forums a good bit and am glad to find some expertise in the security clearance apparatus. I am hoping someone can give me some insight about foreign business ties and how it can impact my TOP SECRET clearance.
SCENARIO: I have been in the federal government doing foreign affairs work for 7 years now, and hold a TS/SCI clearance. Early this year, I started a side technology consulting business that would involve developing software applications for domestic and international small businesses. I am planning to hire software developers from the U.S., but also in international markets as well, especially those who have the expertise in the kind of software I am planning to develop. It would also likely involve contractual agreements with the individual developer and possibly other small business companies in foreign countries (United Kingdom, India and Uruguay are the only three). The last piece of this is that I would likely need start-up capital to run my business, and have considered looking to an overseas venture capitalist (in India) to help get me started.
MY QUESTIONS: What would pose a security risk here? I do not believe that just having a small business on the side poses risks, but the possible foreign influence (via hiring developers and/or the venture capitalist start-up capital) might pose some concerns. If these are red flags, what could be some mitigating factors?
Thanks in advance for your thorough response.