Teenager who wants to start online business?
Can I have my own business or will it need to be under my parents name?
My cousin and I want to start an online business (both 16 years old). How do we start business? Is it a Partnership? Under who’s names? What do we need to file?
Hi Lucilles, for accounting purposes, register a business. In your country there should be a registrar of businesses. If the law allows registration of a business at 16, then go ahead and do it. In my country, the minimum age to be a sole proprietor is 21.
You can register a partnership if you and your cousin are on good terms. However, I caution you that money issues can stress relationships. So if you do register a partnership, make sure you also have a dissolution agreement.
More important than your business structure is your business idea and its marketing. I suggest you and your cousin could start with a Blog Shop. This is a popular way to get free traffic to build an online business. You can start with registering at http://www.blogger.com and if you are ready for something more advanced, use Wordpress: http://www.wordpress.org
September 29th, 2009 at 10:59 pm
Hi,
A lot of people want to start a online biz to supplement there income.
What you need to do is get trained to achieve your goals, there’s no
short cuts.
What i did after an exhaustive search, i found a multimillionaire that
is looking for people that are coachable.
His name is Mack Michaels, and his website is second to none.
You need to check this website out because is educational, easy to
understand. It will explain everything you need to do to accomplish
your goals. I recommend that you GO NOW, he is teaching only
a handful of students. The spots are filling up quick.
What i would do because your so eager, get your parents involved
and you and your cousin can start making money.
References :
http://maverickcashsecrets.com
September 29th, 2009 at 11:29 pm
Hi Lucilles, for accounting purposes, register a business. In your country there should be a registrar of businesses. If the law allows registration of a business at 16, then go ahead and do it. In my country, the minimum age to be a sole proprietor is 21.
You can register a partnership if you and your cousin are on good terms. However, I caution you that money issues can stress relationships. So if you do register a partnership, make sure you also have a dissolution agreement.
More important than your business structure is your business idea and its marketing. I suggest you and your cousin could start with a Blog Shop. This is a popular way to get free traffic to build an online business. You can start with registering at http://www.blogger.com and if you are ready for something more advanced, use Wordpress: http://www.wordpress.org
References :
If you need or want to uncover additional strategies and techniques on setting up an automated online business, please see my recommended resource at http://tinyurl.com/online-automation
September 29th, 2009 at 11:35 pm
you can have your own business online. no limits online. no need to file etc’s. but first, build a website. if you not know how you can try this link.
http://www.WebStarts.com?aff=teteth
its free and easy to follow instructions in youtube
References :
http://www.WebStarts.com?aff=teteth