Starting an LLC: Where to begin?
in Business, Accounting & Taxes ·
Hey everyone 🙂
A small group of us—about five or six sixteen-year-olds—are looking to get moving. We’ve got ambition, solid ideas, some finished prototypes, plenty of drive, and enough capital to get things off the ground. We want to launch our own business, something structured like an LLC. The catch is that none of us are legal adults yet. We aren't interested in waiting two years; that feels like 😁
forever.
The core of what we're doing involves electronics and computer science. I assume an LLC would be a smarter move than a sole proprietorship.
I've been looking at how things work overseas and noticed plenty of "kids" launching startups even before they hit sixteen. Is that actually doable here in the States?
What are the specific requirements for getting a business up and running here in the US?
A small group of us—about five or six sixteen-year-olds—are looking to get moving. We’ve got ambition, solid ideas, some finished prototypes, plenty of drive, and enough capital to get things off the ground. We want to launch our own business, something structured like an LLC. The catch is that none of us are legal adults yet. We aren't interested in waiting two years; that feels like 😁
forever.
The core of what we're doing involves electronics and computer science. I assume an LLC would be a smarter move than a sole proprietorship.
I've been looking at how things work overseas and noticed plenty of "kids" launching startups even before they hit sixteen. Is that actually doable here in the States?
What are the specific requirements for getting a business up and running here in the US?