Register

If this is your first visit, please click the Sign Up now button to begin the process of creating your account so you can begin posting on our forums! The Sign Up process will only take up about a minute of two of your time.

Page 1 of 2 1 2 LastLast
Results 1 to 10 of 13
  1. #1
    Junior Member
    Join Date
    Apr 2007
    Posts
    4
    Member #
    15141
    I'm a minor, 16, actually, attempting to get into some local freelancing to earn some money on the side. However, I think that might cause some legal issues. What I've found so far is that I can't own my own business, and as a legal entity it would be owned by my parents. Are there any other legal issues that might arise? I think contracts, as well as taxes, might be a problem, but I'm not sure.

  2.  

  3. #2
    Senior Member Steax's Avatar
    Join Date
    Dec 2006
    Location
    Bandung, Indonesia
    Posts
    1,207
    Member #
    14572
    Hey there! My circumstances are just like yours (with the added problem of living in a country who couldn't care less about the internet for anything aside information transfer), and I've discovered that the easiest way to do things now are via family or friendship ties. Like promote for your school teachers or your parent's friends.

    So far I've scraped out a considerable amount of income via this method, with the added bonus that they'll likely point to you if their friends ask about their website. The downside is, of course, you can't talk to some of them as casually as you'd like (particularly the older ones), and the money will be a bit less. But thats your best bet!

    I wish you great luck! (A colleague, finally!)
    Note on code: If I give code, please note that it is simply sample code to demonstrate an effect. It is not meant to be used as-is; that is the programmer's job. I am not responsible to give you support or be held liable for anything that happens when using my code.

  4. #3
    Senior Member planetgman's Avatar
    Join Date
    Jun 2005
    Posts
    569
    Member #
    10406
    If you are going to do business, you need to have legal things in place.
    Business license, contracts, and most importantly taxes.

    Your best bet is to talk to a business attorney. Ask him what your options are in terms of earning an income and paying taxes on it.
    The businesses you have as clients will most likely use the cost of a website as a business/tax deduction. Which leads to the IRS (or state level) following up to make sure you're a legal/licensed business.

    The chances are slim, but if you are going to have an income even with friends and family, you need to report that income (even as a minor).

    Friends and family is a good recommendation to get started, but you will have downsides to that as well, as Steax mentioned.

    I think if you talk to a business attorney (and have your parents help), that you can probably do this......you just need to research it a bit more.

    Good luck.....
    GMan

  5. #4
    Senior Member leprechaun13's Avatar
    Join Date
    May 2005
    Location
    Northampton
    Posts
    487
    Member #
    10058
    I empathise im a little younger (15) and cant own my own company and becasue of a bad relationshipo with parents they wont do it for me. So im trying to get a job with a local company which is harder than youd think, but as they say "good things come to those who wait"
    Regards Phil,


  6. #5
    WDF Staff smoseley's Avatar
    Join Date
    Mar 2003
    Location
    Boston, MA
    Posts
    9,729
    Member #
    819
    Liked
    205 times
    I just asked my attorney. A minor can own a company. They just can't execute legal actions on behalf of the business (signing contracts, writing checks).

    The exception is those kids who have been emancipated by the courts (e.g. the Olsen twins).

    Just appoint your parents as executives of the company and they can write checks and sign contracts on behalf of the company. But you'll still own it.

  7. #6
    Senior Member
    Join Date
    Jun 2005
    Location
    Atlanta, GA
    Posts
    4,146
    Member #
    10263
    Liked
    1 times
    Quote Originally Posted by transio
    I just asked my attorney. A minor can own a company. They just can't execute legal actions on behalf of the business (signing contracts, writing checks).

    The exception is those kids who have been emancipated by the courts (e.g. the Olsen twins).

    Just appoint your parents as executives of the company and they can write checks and sign contracts on behalf of the company. But you'll still own it.
    Caveat: in the US ;-)

  8. #7
    Senior Member leprechaun13's Avatar
    Join Date
    May 2005
    Location
    Northampton
    Posts
    487
    Member #
    10058
    is that just a US thing if so too bad, handy bit of info to know
    Regards Phil,


  9. #8
    WDF Staff smoseley's Avatar
    Join Date
    Mar 2003
    Location
    Boston, MA
    Posts
    9,729
    Member #
    819
    Liked
    205 times
    Quote Originally Posted by leprechaun13
    is that just a US thing if so too bad, handy bit of info to know
    What I posted is US law. That doesn't mean your country doesn't allow something similar. You should research it.

  10. #9
    Senior Member
    Join Date
    Jun 2005
    Location
    Atlanta, GA
    Posts
    4,146
    Member #
    10263
    Liked
    1 times
    Yeah, exactly. Don't take my post to mean it's exclusive to the US, just that it's only been *checked* in the US.

  11. #10
    Senior Member leprechaun13's Avatar
    Join Date
    May 2005
    Location
    Northampton
    Posts
    487
    Member #
    10058
    thanks for the info guys good read, finally I might just be able to freelance.

    and another question what is emancipated?
    Regards Phil,



Page 1 of 2 1 2 LastLast

Remove Ads

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
All times are GMT -6. The time now is 09:25 PM.
Powered by vBulletin® Version 4.2.3
Copyright © 2021 vBulletin Solutions, Inc. All rights reserved.
vBulletin Skin By: PurevB.com