If you start your own business you are going to do it under the table (only accept cash and do it out of your house). You have to apply for licenses to own your own business and to do that you have to be 18 years old. And file for taxes and you have to have insurance.
I am situated in the South of England and I have a fairly high aptitude in computing and computer repairs. I would like to start a small software repair/hardware upgrade business, however I'm only 15, 16 in 2 months. I've looked into liability insurance, as I was told that you need it, but the lowest rate was insurance for ￡10,000 which is far too much for what I'm aiming for. Do I need liability or any other insurance, what happens if I don't? Thank you for any accurate response,
- Joe
