Minor starting business under parent's name
by gabriel.s, Window Shopper
- Created: July 21, 2012, 12:21 am
- Updated: August 5, 2014, 10:49 am
I have been interested in starting a small graphic design business as a minor. I have read the several articles on this, and I understand that in order to do this, the business would have to be registered under a parent's name, with them having sole proprietorship. I have two questions: 1. Would my parent be able to transfer sole proprietorship of this business to me when I am 18? 2. If not, what other ways to get ownership of the business exist? Thank you.
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