What are good businesses for kids?

What are good businesses for kids?

REUTERS/Jose Miguel Gomez It's the stuff of entrepreneurial legend: In 2007, at just 23 years old, Mark Zuckerberg became one of the youngest billionaires in the world on the back of Facebook, a product he built in a dorm room.

How can 11 year olds make money?

Yes, any business needs a license, even if it's run by a kid; the age of the person running the business does not matter. It is important to make sure your kid's business is up to code because anyone can decide to report the business to the authorities. In addition, competitors have snitched on kid-owned businesses.

Can I put my business in my child’s name?

The name of the business can be your child's name, but your child cannot be the owner of the business. If you are trying to hide or protect this asset

What age can a child start a business?

Forming the business: People under age 18 cannot form legal business entities, and their parents should do so on their behalf. In some states, a child may be able to be a shareholder or serve on the board of directors of the corporation.