building and selling computers?

[DDRFREAK1030]

is it illegal if I "a 16 yr old kid" builds and sells computers? is there any fine or thing like this .

do i need a licence of sorts

[Mr. Elmo]

not to be mean or rude....but wow O.O

[manker]

is it illegal if I "a 16 yr old kid" builds and sells computers? is there any fine or thing like this .

do i need a licence of sorts

Yeah, it's legal. Technically you need to register as self-employed and pay tax on any profit but ehhh ... No-one is going to hassle you about that.

I'm talking from a UK perspective, btw. It is likely to be similar in the US but I wouldn't know the specifics.

[DDRFREAK1030]

what do you mean "wow"?

is that im a teen trying to make money, or, that this will be too time consuming for a high school kid like meeh.

i have been doing this for only 2 weeks and have already sold 2 computers but i only make about $200 profit per computer.

it depends what they want then i buy the parts then build it
^_^
this seems like a good thing for meeh but i need to know if this is legal that way i don't get in any kind of trouble.

my grandma told meeh to stop selling cd's(piracy) because she saw on the news that too many people are getting caught.

I am doing my senior project on piracy(project required to graduate h.s.)
to learn the diferent punishments of it(even thogh i still dl files)=p

is this a good way of making money???
o yea, im in america. just in case laws are different elsewhere

im at shool still so i gotta bouce

aite

payce

edit: o shit while i was typing this you posted above

[Comic_Peddler]

Soapbox: STOP SELLING PIRATED CD'S!! THIS IS FILESHARING!!

Ok, enough of that.

Since you are 16, you can not get any kind of business license as a minor can not sign a binding legal document. But you don't really need one at this point since you obviously can not do this on a bigger scale.

But you do need to go ahead and pay your taxes on profits earned in this manner. You don't need to go to the extent of itemizing and such, your a kid. Just a simple 1040EZ will do (just make sure you give keep a copy of all reciepts just in case any tax auditor decides to look a little closer into your income).

The reason I am suggesting you do this is because if someone for whatever reason decides when tax time rolls around that they want to use this computer as a tax rightoff, you can get in some serious trouble if you do not claim their payment. You do not want to get on the IRS's bad side this young in life, as if you want to go to college, it can effect your possiblity of getting any kind of loans or grants.

[DDRFREAK1030]

Soapbox: STOP SELLING PIRATED CD'S!! THIS IS FILESHARING!!

i said i dont do that anymore
i knoe thats wrong and punishble by a big low fine thing like that
lol
um buying a computer is tax writeoff?

really?

what does that mean?
lol
um ok but i am doing this to make money for rent

(not for drugs like some might think)

shit my friend made a contract of sorts but since we are minors it won't be legal?

that sucks in its own way . i sell mainly to teens like meeh or people in college

^_^- good business lol

aite got to go

payce

[Comic_Peddler]

The purchase of a computer can indeed be a tax write off. Someone may simply claim it is for business purposes. A college student can easily write it off as education expenses.

[DDRFREAK1030]

o really? i did not knoe that?

could i buy a computer from myself and do that???

jk

um anything like precaoutions i should take when im doing this because this is takes up like about 2 or 3 days a week to do

i have a business card and everything
lol
but also what are some thing i should avoid and some tips i should consider

im still at school and for some reason i never come to this site when im at home.
lol
so imma go
payce

[Vargas]

as long as you have ppl willing to buy them, hell yeah.

[DDRFREAK1030]

money money i need money

greed greed greed

nah jk

but if you think about it

i do this in a small only some people knoe and they spread the word.

i buy the parts the way that i always have enough to build 1 computer immediatly

except for gfx card

that shit codt too much$$$