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How old?

Discussion in 'General Business Forum' started by TechFox, Aug 31, 2005.

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  1. TechFox

    TechFox UKBF Newcomer Free Member

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    How old do you have to be to own/run your own business in the UK?
     
    Posted: Aug 31, 2005 By: TechFox Member since: Jul 12, 2005
    #1
  2. Jayne

    Jayne UKBF Newcomer Free Member

    2,920 8
    Why are you under 16 yrs old? :D I don't think that's old enough to sell ciggies. :lol:

    Why are you asking?

    Jayne
     
    Posted: Aug 31, 2005 By: Jayne Member since: Aug 6, 2005
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  3. TechFox

    TechFox UKBF Newcomer Free Member

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    My brother is 14 and he wants to know.
     
    Posted: Aug 31, 2005 By: TechFox Member since: Jul 12, 2005
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  4. SuffolkDesigns

    SuffolkDesigns UKBF Old Timer Full Member - Verified Business

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    I beleive you can start a business at any age, the problem comes when you need to make a legal agreement / contract.

    Best to start a company with one of his parents on the board.
     
    Posted: Aug 31, 2005 By: SuffolkDesigns Member since: Jul 5, 2005
    #4
  5. APRogers

    APRogers UKBF Newcomer Free Member

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    The trite answer is 'Old enough to realise that you ain't gonna get rich working for someone else('s dream)'

    That said, VSHosting has it right - you need to have achieved the age of majority to enter into any legal agreement. The rest is just attitute, the right one!

    Alan
     
    Posted: Aug 31, 2005 By: APRogers Member since: Aug 23, 2005
    #5
  6. Ozzy

    Ozzy UKBF Founder Full Member - Verified Business

    3,404 157
    An English Limited company can be incorporated with the directors being under 16 years of old subject to them demonstrating they understand the legal obligations they are undertaking.
    Scottish Limited companies can only be incorpated so long as the directors are over 16 years old.

    Is that the answer you was looking for, or do you mean more general?
     
    Posted: Aug 31, 2005 By: Ozzy Member since: Feb 9, 2003
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