I call BS and wonder what the parents are doing to set their country straight.
Maybe it's a way of getting around estate taxes. Pretend that the child earned the money.
My question isn’t about the youth of the girl—I assumed it was the parents doing it because I knew a family that did that (and this made the child in question **unbearable* for a few years til his parents made him start doing some of the work, ha ha!), but altho I think they hopwd to have estate taxes to avoid by doing this, it started small and only grew a little bigger.
So maybe that is why I always wonder about the middle part, from kitchen table to huge amounts.
“Maybe it’s a way of getting around estate taxes. Pretend that the child earned the money.”
I can’t understand how parents can be so naive.
I would NEVER put my young daughter out there like that. There is so much wrong with the scenario I’m not going into it all, but you’re probably right.
And in 15 years we’ll be seeing headlines about her suing her parents for the rights & profits. /s
A child starting a company that hits it off big is a personal interest story rather than 2 retired marketing executives new company hits it off big... so they get free PR and brand recognition.