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Own It and Run ItStraight answers for anyone under 18 trying to run a small business

Written for the adult

The Money Questions, and Where They Are Answered

Sources last read 2026-07-08.

Short answer

Five of the questions you probably arrived with are not answered here. That is on purpose. They are answered properly on two other sites, teensandmoney.com and notjustcollege.com, written by the same person who writes this one. This page names each question and points at the page that handles it. A second attempt at an answer that already exists somewhere better helps nobody.

This page is short on purpose

This site covers one thing. What a person under 18 may do while running something small, and how the money reaches them.

It stops at a clear line. Five questions sit on the other side of it, and they get asked constantly.

Two other sites answer them. Both are written by the same person who writes this one. They are teensandmoney.com and notjustcollege.com.

Does a tax return have to be filed

Whether your teenager files at all. And the figures that apply for the year in front of you.

That is on teensandmoney.com. The page is does my teenager have to file taxes.

When self-employed work starts to carry tax

Mowing, babysitting, resale, a bit of design work. Money earned working for yourself is treated differently from a paycheque. There is a dollar figure where that begins.

Same site. The page is babysitting, mowing and taxes.

Banking for someone under 18

Which accounts exist. What an adult signs. What the bank will ask for.

Same site again. The page is banking for a minor.

A teenager who works for an employer

Hour limits in term time. The permit a lot of states want before a first job. The jobs that are shut to under 18s.

None of that reaches somebody working for themselves. That is why it is not here. It is on notjustcollege.com, under work rules.

What the odds on a streaming channel really are

The plan that starts as a channel and ends as a living. What share of people it works for, and what the numbers behind it look like.

That has a page of its own, and it is not this site's subject. It is on teensandmoney.com, at the money in streaming.

Why a link and not a paragraph

Two reasons. Neither is modesty.

Those pages are kept up. When a figure moves, one page gets re-read and fixed. A short copy here would sit and go stale, looking just as confident as the real one.

And a half answer is worse than none. Tax questions go wrong at the edges. The edges are the first thing to get cut when a page is only mentioning something in passing.

An example, to show the shape of it

Craig came here for one thing. His daughter had made about 900 dollars over a summer selling prints. He wanted to know what he was meant to do about it.

This site could tell him whose account the money had to land in. It could tell him why the platform wanted his name on it.

It could not tell him the filing answer. Pretending otherwise would have cost him the afternoon.

Two links and twenty minutes later he had both halves. That is the whole reason this page exists.

What is answered here

The rest of this site is narrow, and that is deliberate. Whether anything needs registering. Whether a company is needed, which for most people it is not. What the platforms say about age. Who owns the account. Who carries a refund. What the scams aimed at new sellers look like.

The first page in this section is the one that matters most. It is about what lands on you.

Questions people actually ask

Why not answer them here as well?

Because two pages of mine chasing one question would make both of them worse. One page gets checked when the numbers move. A copy over here would drift quietly out of date. You would have no way of knowing which one was current.

Are those sites selling me something?

Same writer, same approach. Each site names a book under the sources on some pages. Nobody pays to be mentioned on any of them. If a page ever looks like an advert dressed up as an answer, that is worth telling me about.

Which one should I read first?

Whichever question is actually in front of you. If money has already been earned, start with the filing page. If nothing has happened yet, the banking page is the better hour.

Does this site cover money at all?

Yes, a narrow slice of it. How money reaches a person under 18. Whose account it lands in. Who carries a refund. What the platforms say about age. How it gets paid is here. What happens to it afterwards is over there.

Where this came from

teensandmoney.com, does my teenager have to file taxes
teensandmoney.com

teensandmoney.com, babysitting, mowing and taxes
teensandmoney.com

teensandmoney.com, how to open a bank account for a minor
teensandmoney.com

notjustcollege.com, what your teen can legally do at work
notjustcollege.com

notjustcollege.com, work permits and age certificates
notjustcollege.com

teensandmoney.com, the money in streaming
teensandmoney.com