Young Entrepreneur Business Banking? 5 Stars?

[Kelly]

Hello,

I'm starting up my own little social media
business. And I have my business plan
typed out, and I actually have investors.
Now, because I am a minor and I don't
really feel like waiting for my parent to help
me with this, I am not sure on how to go
about banking the investments.
I do have a savings account, under my moms.
But this is a project I kind of want to do
alone so, do I need to go to my bank about
opening up a business bank account?
Would they even let me, because I am a minor?

Is there any way I can get around this problem?

Thanks.

[Mohammad]

1. Please read an article entitled "How to Get Business Bank Account for Minors".

2. In sum, your parents' permission will be required for opening a business account as you are a minor:

---"...many banks will not allow minors, under 18 years old, to open a bank account. Some may allow you to open a bank account only if you have your parent's permission and consent - that is, if they're willing to be accountable for anything you may do wrong. For a teenage entrepreneur, it is important to find a reputable bank that will let you have your own bank account."


3. For details, please read at:

http://www.ehow.com/list_6738649_contrac...inors.html