I am 19, registered a business with ACRA last year under my parent's name and running it on my own.
All was fine until I heard rumours that it is illegal to do that.
Is that true?
Is there any ways I can transfer the business to my name without waiting 2 freaking years? ><
Sometimes I dislike being 19.
You can't even post a classifieds on papers.
=(((
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Entrepreneur below 21
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Entrepreneur below 21
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Re: Entrepreneur below 21
http://www.acra.gov.sg/Services/Busines ... culars.htmladyvampire wrote:I am 19, registered a business with ACRA last year under my parent's name and running it on my own.
All was fine until I heard rumours that it is illegal to do that.
Is that true?
Is there any ways I can transfer the business to my name without waiting 2 freaking years? ><
Sometimes I dislike being 19.
You can't even post a classifieds on papers.
=(((
I thought they have brought down the age to 18? Now you can start a business at 18, no? I remember they annouce it before, you might want to check with Acra
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Having a business registered under someone else's name while you are running it is not illegal. Think of it as a franchise. Use their name but you are running it.
How about this as a hint. Many are doing this right now and none ever mentioned that it is illegal. The only illegal thing I can think of right now is when you are running a business without registering it.
Cheers...
How about this as a hint. Many are doing this right now and none ever mentioned that it is illegal. The only illegal thing I can think of right now is when you are running a business without registering it.
Cheers...
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