I want to start a brand with me and 2 friends, I want to run the store while they do other things. We are under 18.
So I know that I need my parents to be the owners of the store and I need to be a staff, how would I make it so the income that I and my friends make get taxed to us instead of our parents. Also do I need to have my friends as staff? I don’t mind receiving the money and then sending it to them, however I don’t know if that is something that I can do since they are technically employees.
Either way I dont want my parents get the income and pay taxes on it. I also have my own bank account which isnt connected to my parents. I looked online but not much help, if someone could guide us I would be thankful.