Is 16 old enough to register a business.

Discussion in 'General Business Forum' started by Dynumo, Jan 18, 2009.

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  1. Dynumo

    Dynumo UKBF Regular Free Member

    119 14
    Hello,

    Is 16 old enough to register a business? I'm becoming 16 next month and have wondering about that...

    Thanks,

    Anhalo.
     
    Posted: Jan 18, 2009 By: Dynumo Member since: Jan 18, 2009
    #1
  2. estwig

    estwig UKBF Legend Free Member

    12,195 4,255
    Not on this forum, wouldn't bother son, go to bed school in the morning!!!!!
     
    Posted: Jan 18, 2009 By: estwig Member since: Sep 29, 2006
    #2
  3. SouthernFreerider

    SouthernFreerider UKBF Newcomer Free Member

    6 0
    simple google search?
     
    Posted: Jan 18, 2009 By: SouthernFreerider Member since: Jan 17, 2009
    #3
  4. estwig

    estwig UKBF Legend Free Member

    12,195 4,255
    Yes mate as far as I am aware you can register a business and if you can't you should be able to.

    There are ways round problems, if you are serious about business, look for a solution.
     
    Posted: Jan 18, 2009 By: estwig Member since: Sep 29, 2006
    #4
  5. Alice3537

    Alice3537 UKBF Newcomer Free Member

    1,869 111
    As self employed you should be able to. They changed the laws regarding Co Directors, though and I think that legislation has already kicked in, though I'd need to check,
     
    Posted: Jan 18, 2009 By: Alice3537 Member since: Jul 9, 2007
    #5
  6. SLF

    SLF UKBF Newcomer Free Member

    706 151
    Yes you can own and run a business at 15 or 16. and yes, I believe the laws have now changed for legal limit for a director, cant recall what the age is, as before there just wasnt any minimum age.
     
    Last edited: Jan 18, 2009
    Posted: Jan 18, 2009 By: SLF Member since: May 21, 2008
    #6
  7. Jimmy Lawrence

    Jimmy Lawrence UKBF Regular Free Member

    107 6
    Bit harsh estwig, we were all that age once. I am now 26 and new exactly what i wanted to do at that age. I am now raking it in even if i do say so myself.
     
    Posted: Jan 18, 2009 By: Jimmy Lawrence Member since: Dec 23, 2007
    #7
  8. thebigIAM

    thebigIAM UKBF Newcomer Free Member

    1,087 201
    Who do you want to register your business with? You mean the inland revenue?
     
    Posted: Jan 19, 2009 By: thebigIAM Member since: Jan 11, 2009
    #8
  9. mkgreenfield

    mkgreenfield UKBF Contributor Free Member

    83 15
    I started my business when I was 17 and that's exactly the kind of attitude I had to deal with - older people having a chip on their shoulder because I was younger and "having a go".

    Anhalo, if you are confident in your business idea, go for it - don't let small minded idiots put you off!
     
    Posted: Jan 19, 2009 By: mkgreenfield Member since: Dec 31, 2008
    #9
  10. mkgreenfield

    mkgreenfield UKBF Contributor Free Member

    83 15
    FYI, the minimum age of a UK company director (ltd/plc) is generally 16 years, so with this in mind I would imagine that the age is the same for registering with the tax office and getting a business bank account.
     
    Posted: Jan 19, 2009 By: mkgreenfield Member since: Dec 31, 2008
    #10
  11. Dragon Media Group

    Dragon Media Group UKBF Newcomer Free Member

    312 45
    I assume you mean registering a business with companies house. You can do this at 16, as well as registering as self employed for tax and N.I. purposes. You may struggle to get a business bank account though.
    I have seen your other threads regarding web design and hosting through a friend of a friend of a friend with cheap electricity etc and I think that you are perhaps trying to run before you can walk. There is no reason why at 16 you cannot make a success of a business, but the business must be sound in the first place, which currently yours is not.
     
    Posted: Jan 19, 2009 By: Dragon Media Group Member since: Oct 30, 2008
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  12. estwig

    estwig UKBF Legend Free Member

    12,195 4,255
    I should apologise to Anhalo, my comment about his age was rude and unnecessary, one of my posts in another thread started by Anhalo was deleted by a mod. I threw my toys outta the pram, like a prat, but this is no excuse, sorry.

    I too started my first business at 16, didn't get very far, but I learned a lot.

    Go for it mate and don't let the ageist's get you down;)
     
    Posted: Jan 19, 2009 By: estwig Member since: Sep 29, 2006
    #12
  13. Gavin-Design-Right

    Gavin-Design-Right UKBF Newcomer Free Member

    1,048 156
    I too am looking to go it alone :)

    Poeple will allways say its too young but don't let it put you down
     
    Posted: Jan 19, 2009 By: Gavin-Design-Right Member since: Sep 29, 2008
    #13
  14. Dragon Media Group

    Dragon Media Group UKBF Newcomer Free Member

    312 45
    Well, it was only the tone that was a little scornful - at 15 the fact is he will have school in the morning!

    Every business has a huge number of issues to overcome. In 2009 the fact that you are 16 years old will be an issue that you will need to overcome. Some people will not have a problem dealing with you, but many will, so your challenge is to work out the best way around this. The worst that can happen is that you can fail, and at 16 you wont be able to run up any debts so you will simply be better equipped through experience to try again. Good luck.
     
    Posted: Jan 19, 2009 By: Dragon Media Group Member since: Oct 30, 2008
    #14
  15. Dominic Taylor

    Dominic Taylor UKBF Ace Full Member

    1,174 254
    As you seem to be a web designer just approach local friends/businesses and ask if they'd like a refresh of their site / a site if they don't have one etc. No need to register a business at all - just be a sole trader.

    And, I can't really say this as at 17 I was doing a similar thing....but enjoy your school life while you have it because in hindsight, perhaps I missed out on some great years :)
     
    Posted: Jan 19, 2009 By: Dominic Taylor Member since: Jun 19, 2008
    #15
  16. FluxServices

    FluxServices UKBF Newcomer Free Member

    412 50
    As you have been told, I was 16 when I became self-employed as I am 20 now getting old me soon I am 21 in october :)
     
    Posted: Jan 19, 2009 By: FluxServices Member since: Dec 28, 2008
    #16
  17. UKSEOAgency

    UKSEOAgency UKBF Newcomer Free Member

    489 135
    that makes me feel ancient at starting a business.

    Set up first business at 23 - 18 months later its supporting me full time
     
    Posted: Jan 19, 2009 By: UKSEOAgency Member since: Dec 5, 2008
    #17
  18. FluxServices

    FluxServices UKBF Newcomer Free Member

    412 50
    Sorry,

    Its just I have a fiancee and baby so I just feel old :)
     
    Posted: Jan 19, 2009 By: FluxServices Member since: Dec 28, 2008
    #18
  19. UKSEOAgency

    UKSEOAgency UKBF Newcomer Free Member

    489 135
    Oh i know the feeling mate

    I have a wife who wants a baby :eek::eek: and a mortgage :)

    I wish the OP all the look in the world!
     
    Posted: Jan 19, 2009 By: UKSEOAgency Member since: Dec 5, 2008
    #19
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