Hi looking for some advice please!
My DS is 10 and wants to set up a business. He's gone for a sweet shop idea with some other bits and has been selling these little bits (alongside old toys etc) at car boots and to his friends/family etc. He has come up with a name and has been funding it with his pocket money and money made. We are more than happy to encourage this venture and support him but now he wants to get serious! He has now asked if he can register as a business so that he can order proper wholesale stock from suppliers (must have a business name etc to order). I've been looking into it all and he's saved up the money to pay to register but I'm stuck! What sort of business do I register this as? Sole trader seems to be best but I'm not 100% sure. I'm also unsure of how much needs to be in my name/his name as it's ultimately his business and I'll just be doing the paper work etc. Ive reached out to some advice teams but just wondered if anyone one on here knows and could shed some light? Any tips/Advice welcome on the whole situation.
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Advice please! Registering a business for a minor
10 replies
Pru24 · 26/05/2019 14:13
OP posts:
Fereshta ·
28/05/2019 11:13
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