Hey I am a 15 year old and I am trying to start a Shopify store, I encountered the problem of not being able to withdraw money until I verify I am 18. I did some research and found I could set up a profile for my parents and works as a staff, however I also heard I could start a private limited company (LLC) of which I am the owner and this would let me run the Shopify store. I would like someone to verify if this is true and if so explain how I would go about integrating it with my Shopify store. Also can I do something similar with an Employer Identification Number (EIN)?
Topic summary
A 15-year-old seeks ways to operate a Shopify store despite the 18+ withdrawal/verification requirement. They can’t access payouts until age is verified.
Proposed approaches they’re considering:
- Set up a parent as the primary account holder and have themselves work as staff on the store.
- Form a private limited company/LLC (limited liability company) with themselves as owner and use that entity to run the store, asking if this would satisfy Shopify’s age requirement and how to integrate it (e.g., verification, payouts, tax details).
- Use an EIN (Employer Identification Number, a U.S. business tax ID) and whether that could enable payouts under a business entity.
They request confirmation on whether an LLC/EIN can bypass the age restriction and step-by-step guidance for linking such an entity to Shopify.
No answers or decisions yet; questions remain open and unresolved.