Home Forums Starting your journey Under 18’s running a business?

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  • #999825
    paranda
    Member
    • Total posts: 20

    Hi All
    Looking into how under 18’s can start a business running kids coding workshops. There are 3 people involved who have started this jointly. I know they can run as a partnership, but I believe any income they make will be taxed at a higher level as they are under 18.
    Also they are unable to sign legal documents such as a referral document ?

    Any idea on the best option for them both from a legal and tax view ?

    Thanks.

    #1221529
    bb1
    Participant
    • Total posts: 4,472

    It’s a pity no one in the know has picked up on this question, the only value I can add is that you may need working with children checks if it’s for kids,

    But I would suggest investing a few dollars in an accountant to get the answers to your questions

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