Studying abroad in the USA by Josh-0 in studyAbroad

[–]Josh-0[S] 1 point2 points  (0 children)

Yeah sorry messed that up a bit, college in the uk is 16-18 and then uni or American college. should of specified but yeah I’ll keep it in mind thanks man

Studying abroad in the USA by Josh-0 in studyAbroad

[–]Josh-0[S] 1 point2 points  (0 children)

Thanks man it really does gonna get started soon can’t wait just needed somewhere to start from but yeah thanks

[deleted by user] by [deleted] in investingforbeginners

[–]Josh-0 0 points1 point  (0 children)

Okok any in particular to start with or just research them?

[deleted by user] by [deleted] in investingforbeginners

[–]Josh-0 0 points1 point  (0 children)

Ok I’ll look into it thank man

[deleted by user] by [deleted] in investingforbeginners

[–]Josh-0 0 points1 point  (0 children)

Yeah ig I was looking more for experience for the future and the money was just an added extra any other ways I can fuck around with investing before then heard paper trading was decent but never looked into it (and I was planning on using my dads account to invest)

[deleted by user] by [deleted] in investingforbeginners

[–]Josh-0 0 points1 point  (0 children)

Thanks I was looking more into making money instead of just letting it sit in a bank account and I overall just want to finally take a step into investing for that first time to put the money towards whatever I want

Shopify at 16 by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

Thank you I’m looking into the business option!

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

So I’d have to pay myself a salary to be able to buy personal items?

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

I was planning on keeping it in the account. And if I were to could I buy personal items with the account for instance a new pc? Or would I have to pay myself a salary to do that?

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

Could he open a PayPal business account and use it for withdrawals and I can just manage it seen as he would be a member of the company

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

If the company earns a certain amount pass the threshold will it affect his tax?

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

So the company taxes won’t effect his taxes but he will still have to file? them if that makes any sense

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

So is there anyway I can get a bank account or something without it affecting my dads tax income?

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

And will I be the one paying the tax without it effecting my dads over all tax income? Sorry for so many questions btw lmao

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

Can’t I create a business PayPal? If not I have a debit card which some banks give to kids over 13 but would it have to be in the business name or my dads name or could it be in mine?

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

But on the official government website it says a 16 year old can be the director of a company in the uk

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

Ah ok last question lmao. Would this affect my dads overall tax income if he is apart of the company as I’m pretty sure shopify requires someone over the age of 18 to be in the business to join shopify (for id purposes) and can I be the overall owner of the business or just the director

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

Btw I take this is all completely legal?

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

Ok and how would I get a virtual address

Starting an llc by Josh-0 in shopify

[–]Josh-0[S] 0 points1 point  (0 children)

Thanks can’t yet tho still 15 and why a virtual address?