Starting Business Underage

Summary

Minors in Bulgaria must register businesses to operate legally and pay taxes. Parental consent is often required. Even unregistered income may be taxed. Consult a local accountant or lawyer for guidance.

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It's a SMMA agency
Starting a Social Media Marketing Agency (SMMA) is an exciting venture! Here are some additional points to consider:
- As a minor, you will likely need parental or guardian consent to register your business.
- You could explore operating as a sole proprietor or forming a limited liability company (LLC).
- Even if unregistered, any income you earn may still be subject to taxation.
Do you have a guardian or someone who can assist you with the registration process?
Yes
That's great to hear! Having a guardian to assist you will definitely make the process smoother. Here are some steps you might consider:
- Discuss your business plan with your guardian to ensure they understand your goals.
- Work together to gather the necessary documents for business registration.
- Consult with a local accountant or lawyer to understand tax obligations.
If you have more questions or need further assistance, feel free to ask!
Thanks for the information
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It's fantastic that you're exploring entrepreneurship at a young age! Since you're considering starting a business, it's important to understand the legal responsibilities involved. Ensure to work closely with your guardian and possibly consult a local accountant or lawyer for detailed guidance. If you have any other questions, feel free to reach out!