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Screen printing business...?


Hey everyone! I am fourteen and am looking into starting a screen printing business with my parents. Okay. Heres what I am going to do...

1) Open an llc and have my parents as the money handlers with their names on the back accounts etc to receive payments...

2) Buy a printing kit (silkscreeningsupplies.com)

3) Open a website through yahoo! small business

4) Market with google and yahoo!

5) File my taxes under MY NAME (not my parents)

First of all... Will this all work?

Second... If I am considered the "owner" of the limited liability corporation, will only MY TAXES be affected (in other words, will it raise my parent's taxes?)

If you are a lawyer or accountant it would be great to hear from you! Thank you!

i admire your gumption.
35 yrs ago, I would have said
to everything you wrote, in the
sequence you wrote it. No more--
my sequence has now changed.

this will save you a lot of time and money!

a; write a biz plan
b; find customers, more customers
and even more customers.

after you have 1,000 customers,
then buy whatever you need
and file for all the biz licenses and
tax stuff you need.

why this approach?

cause licenses and LLC cost time and
money and do not assure you of
earning one penny.

so..........having been there---

find the customers, earn the money
and then, get the licensing.

Forget about taxes till you have
sold $100,000 in goods.

[ but collect sales taxes with each sale!]

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