Apple ipod

What is the best business structure for the development of the iPhone?

Hello. I am now 13 and an iPhone developer. Since I am under 18 years, I had to get my mom to sign me and all my applications on their behalf. I am looking to start a business, so you can have the company name displayed instead its name. What would be the best type of structure for this sort of thing? I would be running and business owner myself. I looked in the structure sole proprietorship, but what scares me a little responsibility. I would like the installation of the company low-cost side, but I have absolutely necessary fork on some money, I agree. Thanks in advance.

First, Good luck to you. It seems that they are very talented. Moreover, regardless of the entity that is, until the age of consent, must be the mother of his business. What is the purpose of electing anything other than a sole proprietorship? Is it to reduce the liability? If so, before going forward and how (or rather his mother forms an entity) is worth considering if your profile is really the responsibility important enough to justify an entity. If you have iPhone development for yourself (ie, that the release directly in the market), then just read the terms Apple App Store direct responsibility to see how you (or rather, his mother) is on. I suspect that the risk of liability can not be great (but I have not read Apple's terms so I can not say for sure) If however, you decided to make the development of others through the payment (Say a company hires to develop a application of them) or something, then you are probably right that her mother wants to be protected from direct persecution. also if you hire people to help your business, then an entity is indeed a good reason employer liability is not advisable to take it personally. I think if its in your best interest to form an entity, your mother must be a limited liability company. As a single member LLC, which would be considered an entity for tax purposes, but would still provide limited liability. You can also view an S corporation only member (forming a company, then do something called a subchapter S election). Does your mother know that some thing she uses a fiscal year to file taxes? Doing so may help to talk, because if it is an LLC or make a subchapter S Corp, however their tax returns will be more complicated, because it will be a collaborative style with your personal tax annual ranking. Only my 2 cents off. Good luck. Being an entrepreneur when you're young is a great thing.

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