You might remember MillionDollarHomePage. I wanted to ask, how was possible for him to collect that amount of money if he was just student with no company. Could someone please explain me. I guess he had to pay tax and more. But how did he pull it all out with that site and receiving money?
I remember the site in question but cannot remember how he took payments. Paypal? (minimum age is/was 18 I believe to open a PP account). How old was he as a student when he started that site? Old enough to have a student bank account? It`s a good question you asked (not just for that person who launched that site but for any younger people who want to launch a site that needs to process payments). Their is always an option of using friends/parents but this obviously can raise tax questions.
thank you, I was researching and finding information about this topic, found something useful, something not. It is quite complicated to deal with