Home Forums Money matters how does a 16 yr old get a bank ‘business account’ Reply To: how does a 16 yr old get a bank ‘business account’

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LucasArthur
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Based on the above info – and being only a sole trader, just open a seperate bank account (your son) and operate the business under that… everything else is irrelevant, unless he wants to have a cheque with business Name or other… might be overthinking it to be honest, considering the comment is about a few hundred or thousands of dollars.. however, if he is importing goods from OS – suggest do it right from the outset as insurances will be required – both you and son should sit in front of your accountant where your hands can be completely exposed to get best direction suited to all involved – taking into account concerns, protection etc etc