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Child as a sole trader

Swampy · 2021-08-04 10:44:46

Hey. My daughter (10) has a great little business and I mean little. That said I want to support her entrepreneurship and have/am setting up her online store. From a revenue perspective can she register a business name, bank a/c and trade etc or should all that role under me (where she would get taxed to bits)? Thanks.

04-08-2021 10:44am

#1

Swampy

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Hey.
My daughter (10) has a great little business and I mean little. That said I want to support her entrepreneurship and have/am setting up her online store. From a revenue perspective can she register a business name, bank a/c and trade etc or should all that role under me (where she would get taxed to bits)?
Thanks.

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#2 04-08-2021 11:08am

Mrs OBumble

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She likely cannot get a bank account in her name, but can do the other bits AFAIK.

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