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How old do I have to be to legally be a sole trader?

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  • 17-10-2012 6:28pm
    #1
    alan56
    Registered Users Posts: 18 ✭


    :D Hello, Im tring to leagally set up my own business in a different name than my own..
    Im 16.. Im wondering if i can legally register for Vat/Paye etc and Run a busines (self-employed) or do i have to wait till 18?
    Thanks!
    Tagged:


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    #2
    sandin
    Closed Accounts Posts: 1,594 ✭✭✭sandin


    There is currently no set legal limit to act as a company director, though there are plans to introduce a age 18 limit in the near future.

    In terms of being a sole trader, there is no age limit per se, but you may have difficulties in signing certain contracts as most contracts are not enforceable on minors.

    I was vat registered when I was 16 and had a trading name too - its quite simple via the cro website to register a business name as a sole trader.


    A more recent example of under 18 direcorships is the 2 lads in limerick with set up the ebay auction tool app and sold it for a couple of mill (age 18 & 16) and are now setting the world alight with their Stripe payment tool.


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