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| *The Commerce Journal>>>Small Business |
Can a 14 year old start an online screen printing business? |
Hi. I am 14 years old and was wondering if I could start my own screen printing business. I have looked on eBay but it is illegal for me to have an account, as I am under the age of 18. Can I start a business and have my parents be my accountants or "Money Handlers". I now it is also illegal for me to take money through paypal or through bank accounts, so can I do it through my parents name? One last question, will this bump up my parents taxes if I make a reasonable amount of profit (probably the most important question). Thanks everyone for your time! have your parents join up with you as partners, you can do a lot with them as your partner, but you as the real owner. you will not be taxed unless you make a major profit, but it will be your profit taxed and shouldn't add to the actual tax (I mean, if you make enough to get taxed, your profit should cover the tax and still earn some) also, if you donate stuff or services, it cuts down on the amount of tax you owe, keep carefull track of your expenses and such. you can do it through your parent's names, but you could also have them open a bank account for you and you can earn money in cash or by check. Do business as a Limited Liability Company. |
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