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October 12, 2009Just wondering what is the age requirement for incorporating or having a legal corporation…any websites that allow incorporation for low prices?
Also, is it possible for me to have a business checking account once I incorporate?
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Horaayy..there are 6 comment(s) for me so far ;)
18
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You need ALOT of money. Probably 18.
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you have to be legally able to enter into a contract, and that’s 18.
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Your parents should be able to incorporate a business on your behalf and pay you salary to run the business. Talk to your parent’s tax preparer or CPA. There are a number of books in your library that approach the topics of teens and business. Don’t wait… now is the time to get your business off the ground.
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WARNING!
Stay away from CashCreate, Treasure Trooper and other survey Web sites.
It is a waste of time and will cause you unhappiness.
If you choose to be suckered in and sign up to take surveys and receive, free trials considered you were warned. The minute you give them your credit card and personal information you have now opened your computer to unwanted cookies on your hard drive, annoying pop-up windows and if you are on a PC you open your computer to viruses that can wipe you out.
A lot of work to collect the "reward payments" that payout is not worth the effort over time. You will need to sign up for many types of offers, most of which require you to use a credit card. You start a week trial service with varies types of businesses or services, such as, an Internet service provider, book club, credit monitoring service, etc. to get your reward. If you don’t cancel the trial, you end up being charged for the service and each service has different rules about how and when you can cancel. Very cumbersome!
Since you will need to sign up for at least a dozen offers before you get to $100 in rewards, it’s very easy to forget what you have signed up for, or the problems you will have canceling in time to to be charged the full amount. The Cash Create recruiters you see here over exaggerate how much money you can earn because once you’ve done the high-dollar trials ($8-10 each) once, you are left with small rewards of a dollar or two. The survey business is not an efficient way to make money and you are more than likely to loose in the end.
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18. You are unable to enter into any contracts until you are an adult (18).
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