A 13-year-old boy in China has reportedly claimed ownership of a company and even asserted responsibility for paying the salaries of employees working under him, according to a report from South China Morning Post. While the boy’s claim has generated interest and curiosity, it goes against legal requirements in the country, which mandates that a designated head of a business must be at least 18 years of age.
The boy, whose identity has not been disclosed, is said to have become interested in entrepreneurship after attending a summer camp for young business enthusiasts. Following this, he created a company and convinced his parents to invest in it. The company, which has not been named, is reportedly involved in the design and development of software and hardware products.
Despite his young age, the boy has reportedly taken charge of the company’s operations, including management of employees and clients. He claims to be the company’s legal representative and has even been handling the paperwork and financial transactions involved in running the business.
However, legal experts have pointed out that the boy’s claim to be the company’s owner and head goes against China’s laws and regulations governing businesses. Under these laws, a person must be at least 18 years old to serve as the legal representative of a company and be responsible for its operations. It is also mandatory for companies to have an adult supervisor to oversee the work of employees under the age of 16.
The incident has sparked discussions about the importance of educating children on entrepreneurship and the role of parents and society in fostering such interests in young minds. While some have praised the boy’s initiative and entrepreneurial spirit, others have raised concerns about the legality and safety of such practices.
Experts have also called for a reevaluation of existing laws and regulations in China to provide more flexibility and support for young entrepreneurs. At the same time, they have stressed the need for caution and guidance to ensure that children do not engage in activities that may put their safety and well-being at risk.
While the boy’s claim to ownership of a company at the age of 13 has generated interest and curiosity, it is important to ensure that children are not exposed to risks and illegal practices in their pursuit of entrepreneurship. The incident highlights the need for a balanced approach that encourages and supports young entrepreneurs while also providing appropriate guidance and safeguards to ensure their safety and well-being.