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re: Advice on my teenage son doing odd jobs around the neighborhood
Posted on 4/16/24 at 6:47 am to meeple
Posted on 4/16/24 at 6:47 am to meeple
Cash is great but one thing to consider is starting a small LLC for him. It’ll cost a little money but allow him to declare the money he is making and start a ROTH IRA.
My oldest is taking trash cans out on trash day and bringing them back in after school for several folks in our neighborhood. Bringing in about $250/month at 12 y/o.
My oldest is taking trash cans out on trash day and bringing them back in after school for several folks in our neighborhood. Bringing in about $250/month at 12 y/o.
2
Posted on 4/16/24 at 8:05 am to hottub
quote:
starting a small LLC for him
Can this be done online by ourselves? What did you use?
quote:
My oldest is taking trash cans out on trash day and bringing them back in after school for several folks in our neighborhood. Bringing in about $250/month at 12 y/o.
How are payments set up? Monthly “membership?”
Posted on 4/16/24 at 11:59 am to hottub
quote:congrats to your kid. But have we become so lazy we can’t roll our can to the street?
oldest is taking trash cans out on trash day and bringing them back in after school for several folks in our neighborhood.
Again, way to seize an opportunity!
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