- You're now earning income. You at least have to tack this onto your normal income tax to be legal. If you're making enough money, maybe you also have to get a business license.
- If you do have to get a business license, you have to deal with zoning laws. If this is a small business being run out of your home, you can't meet with clients at your home, at least in some states.
There's a good chance you don't care about either of those, as maybe you're not going to pay taxes or file for a business license, etc, but you asked, so it's something to consider
He can't enter into a contract, and I think you'd have to do that to accept 10K for a domain name.
IANAL, but I doubt that offer means anything. I'm not sure, even if he were not a minor, how offering to sell the domain name to them would make their case that it was a bad-faith registration. Lending to the fact that it wasn't a bad-faith registration is that it's based quite directly on his real name, I'm assuming (I didn't read the article).
-- Nate
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That's the bank where Pokerstars keeps their money.
http://en.wikipedia.org/wiki/Levenberg-Marquardt_algorithm
http://www.mersive.com/
- You're now earning income. You at least have to tack this onto your normal income tax to be legal. If you're making enough money, maybe you also have to get a business license. - If you do have to get a business license, you have to deal with zoning laws. If this is a small business being run out of your home, you can't meet with clients at your home, at least in some states. There's a good chance you don't care about either of those, as maybe you're not going to pay taxes or file for a business license, etc, but you asked, so it's something to consider
He can't enter into a contract, and I think you'd have to do that to accept 10K for a domain name. IANAL, but I doubt that offer means anything. I'm not sure, even if he were not a minor, how offering to sell the domain name to them would make their case that it was a bad-faith registration. Lending to the fact that it wasn't a bad-faith registration is that it's based quite directly on his real name, I'm assuming (I didn't read the article). -- Nate