I'm 13 -- and know no-one that I can trust... That is able to be a director of a company, and therefore have to operate as a person.
My mother is on the benefit, and cannot afford to pay the consequences if anything were to go wrong.
My father went bankrupt last year, as his two companies tore themselves apart. He was a member of the photocopier industry -- he's partially left... Now he is working with much larger printers on behalf of Aarque Graphics
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I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine.
I'm not struggling too much with my taxwork. I have started color-coding my bookwork by project, that way -- not only is it useful for IRD, but it's useful to me... I can see which projects are performing well. The annoying thing is... I have to record the conversion rate at the time and the equivalent in NZD -- that means that I have to check PayPal's conversion rate directly after every single transaction that I make (that's not easy when it comes to me receiving payments, as PayPal seems to change the conversion rate hourly or so).
Charles, your where I was at two years back.
I created a company in my mom's name because i could "trust" her and she still owns the company even though i'm legally a major now.
The only reason why i was able to grow at these explosive rates was because I operated as a company and not as an individual.
In the longer term, operating as a company is a lot better.
But, I would say don't partner with a third person, do it with a relative your mom/brother considering the fact that they'll stick out for you.
The major advantage for me was that in the family system here in India, I could trust my parents as they would stick out for me, many a time when the business was running at a loss, my parents pooled in money to save it - and, now its running in bumper profits ( Did I tell you that I beat Will this month :P )
Create a company in your mum's name kiddo!
Individual, but I'll incorporate when i have some... well, personal issue solved.
I operate as a Person. Making money online is a hobby for me. Hopefully one day it will blossom into more! I have a full-time day job that I am currently on strike for. So I MUST make more money - cause I will be without income for who knows how long!