How old do u have to be to open a small buisness?

1 year ago - 3 answers

Best Answer

Chosen by Asker

Open it while you're still small. Then, when you get big, hopefully your small business will become a big business. You might need an adult cosigner, etc., but that shouldn't be a problem. There is no law that says a junior tycoon can't hire and fire adults. The big problem is money. You probably need investment capital. Junior tycoons don't usually have the credit nor the credibility to get the working capital they need for starting their businesses. But it's only because people don't trust you to have adult responsibility. If you can find a way to earn their trust, you're on your way to success.

1 year ago

Other Answers

Old enough to spell properly.

by Sepehr - 1 year ago

According to the US Uniform Commercial Code, you must be 18 before any contracts you enter into can be held valid.
Consider going into business with a relative who is over 18.
Good Luck!

by logic - 1 year ago