Has anyone set up a company for a minor or registered a minor as a partner?
Pro/cons?
what countries allow this set up? thanks
Pro/cons?
what countries allow this set up? thanks
Through parents or in some countries, minors can also open a company after checking their mental maturitythere are young underage people with an online Business or activity so how do they manage it (through the parents?
what if the child has a great idea, start it up through the parents? how can they be involved?
Was just to say so, have seen many examples of such cases where it has been done. But you really need to ensure that the teeny brain not goes crazy at some point and f**k it all up.Pros:
If you are bankrupt its pretty standard to incorporate companies in your childs name and be a director yourself to protect assets