2006-12-19 11:27:31 · 11 answers · asked by Matthew Parr 2 in Business & Finance ➔ Small Business
At age 18, a person can be held legally responsible for their actions. Younger people need to work through an adult.
2006-12-19 11:30:01 · answer #1 · answered by Dorothy and Toto 5 · 0⤊ 0⤋
Honestly, I do not think there is an age requirement. It really depends on the business. A child can open a lemonade stand at say, 7. But a full on brick-and-morter store takes some age. Honestly, I am 20 years old and I own a collectible cards and gaming store in Grafton, Ohio. If you have the money, you can open it. Just make sure you research everything: the area, demographics, rent, utilities, cost of doing business, etc.
2006-12-19 19:31:17 · answer #2 · answered by Shawn C 1 · 1⤊ 0⤋
If you are below the age of 18 then your signature is legally non-binding. That means that your signature is worthless, and so an adult is needed to sign for orders etc.
You can be any age to sell lemonade on a stall but if you want to register your company (which you have to do when you start trading over a specific amount of turnover) then you have to be 18.
In the UK you have to register with the Inland Revenue, and other Business registering organisations to trade legally as a sole trader, partnership or limited company.
2006-12-20 19:57:30 · answer #3 · answered by bizwiz 2 · 0⤊ 0⤋
No age limit, except for specific matters where age does matter such as signing legal documents and appointing Directors. Just make sure you have thought through your idea, it makes sound sense and there is an audience to buy your idea, product or service. Finally, there are many support groups willing to help young entrepreneurs, such as The Prince's Trust. Good luck.
2006-12-21 04:24:56 · answer #4 · answered by nosilla 1 · 0⤊ 0⤋
From cradle to grave, you can set your business any time you want except for few cases like under the legal age you set it through others.
2006-12-20 03:12:14 · answer #5 · answered by mangal 4 · 0⤊ 0⤋
If you've got a decent business idea, it doesn't matter what age you are. just make sure you have at least a couple of great people around to support you, especially if you're young, to help you make the right decisions.
It's ideal to have a mentor around at any age, where you can bounce ideas and they can give you guidance, and the benefit of their experience.
2006-12-23 13:51:42 · answer #6 · answered by pagoda 2 · 0⤊ 0⤋
old enough to finance some of it yourself then you won't start a business being in debt and therefore banks are more willing to loan to you, depending on the type of business, if it looks like you will fail you are more likely to be rejected for loans
2006-12-20 13:46:31 · answer #7 · answered by angel2cool 3 · 0⤊ 0⤋
any age as long as you have a solid businees plan your own finance and plenty of advic efrom a proffessional body so you dont get stung
2006-12-19 19:52:01 · answer #8 · answered by The tagg master 3 · 0⤊ 0⤋
Any age love
2006-12-19 19:30:45 · answer #9 · answered by C 3 · 0⤊ 0⤋
18 to be legal.
30 to be sensible.
2006-12-19 19:30:13 · answer #10 · answered by Anonymous · 1⤊ 1⤋