<p>Hey I have a question
Hey guys,I’m a 16 year old rising junior who would like to go to Wharton. I wanted to start my own business and register it with the IRS and etc. But they said I am not old enough I have to be 18 to be an incorporator so I was wondering how teenagers are able to make their own business. </p>
<p>So can someone please explain to me how I can make my own business? ? I’m from New York by the way if that affects anything.</p>
<p>Much appreciated!</p>
<p>I’ve also wanted to make my own business. I am a rising junior too. Other than that, I have no idea where to start a business.</p>
<p>Have one. Here’s what you need to do:</p>
<p>1) Get your parent(s) to agree to be an officer of the business
2) go to your state web site for businesses or google <state>, biz, incorporation. Forms are probably online
3) Go with parent(s) to an attorney to set up corporation and advise which is best to limit everyone’s liability (LLC, S Corp, etc)
4) speak to an accountant as to QuickBooks, business bank account, etc</state></p>
<p>NOTE: Put together a business plan!! Until you have one, don’t bother with the rest.</p>
<p>Good Luck!</p>
<p>Thank You Chargers</p>
<p>See if you can get something started in your school’s FBLA club. We have several small start-up companies.</p>